This chemical is primarily utilized in agricultural applications as a key intermediate in the synthesis of herbicides. It plays a crucial role in the production of compounds that effectively control the growth of unwanted weeds in crops, enhancing agricultural productivity. Additionally, it is explored in pharmaceutical research for developing potential therapeutic agents due to its structural properties, which may contribute to the creation of drugs targeting specific biological pathways. Its versatility also extends to organic synthesis, where it serves as a building block for more complex chemical structures in various industrial processes.