This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex compounds. Its structure makes it valuable for constructing molecules with potential biological activity, particularly in the development of drugs targeting various diseases. Additionally, it serves as a building block in the creation of agrochemicals, such as pesticides and herbicides, due to its ability to introduce specific functional groups that enhance efficacy. Its versatility also extends to research applications, where it is used in organic synthesis to explore new chemical reactions and pathways.