This chemical is primarily utilized in the field of agricultural chemistry as a key intermediate in the synthesis of herbicides. It plays a significant role in the development of compounds that target and control unwanted vegetation in crops, enhancing agricultural productivity. Additionally, it is explored in pharmaceutical research for its potential in creating bioactive molecules, particularly in the development of drugs with anti-inflammatory or antimicrobial properties. Its structural properties make it a valuable component in organic synthesis for constructing complex molecules in various industrial applications.