This compound is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it serves as a building block for the development of drugs targeting neurological disorders, inflammation, and infectious diseases. Its unique structure allows for the creation of compounds with specific biological activities. In agrochemicals, it is used to develop pesticides and herbicides, contributing to the protection of crops from pests and diseases. Additionally, its applications extend to research and development, where it is employed in the study of chemical reactions and the creation of novel molecules with potential therapeutic or agricultural benefits.