This chemical is primarily utilized in the field of agricultural chemistry as a key intermediate in the synthesis of various agrochemicals, particularly herbicides. Its structure allows it to act as a building block for compounds that target and inhibit specific enzymes in weeds, thereby controlling their growth effectively. Additionally, it finds application in pharmaceutical research, where it serves as a precursor in the development of biologically active molecules, including potential drug candidates. Its versatility in organic synthesis also makes it valuable for creating complex chemical structures in industrial and academic research settings.