Used as an intermediate in the synthesis of agrochemicals, particularly in the development of herbicides and plant growth regulators. It plays a role in the creation of compounds that modulate plant hormone activity, improving crop management and agricultural productivity. Its structure supports binding to specific enzyme sites in plants, such as those involved in photosynthesis or protein synthesis, making it valuable in agrochemical research and development. Additionally, there is ongoing research into its applications in pharmaceuticals to develop bioactive agents, such as antimicrobials or anti-inflammatories, though still in experimental stages.