Used primarily in the pharmaceutical and agrochemical industries, this compound serves as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it is utilized in the development of drugs targeting neurological disorders and infections due to its structural properties that allow for effective binding to biological targets. In agrochemicals, it contributes to the production of pesticides and herbicides, where its chemical structure helps in disrupting the life cycle of pests and weeds. Additionally, its role in research and development is significant, aiding in the creation of novel compounds with potential therapeutic or agricultural benefits.