This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of agrochemicals, including herbicides and pesticides, due to its ability to introduce specific functional groups that enhance biological activity. Additionally, it is employed in organic research for constructing complex molecules, especially in the field of medicinal chemistry, where it aids in the creation of novel drug candidates. Its unique structure allows for further chemical modifications, making it valuable in the design of compounds with potential therapeutic or agricultural applications.