This chemical is primarily utilized in the synthesis of active pharmaceutical ingredients (APIs) and intermediates. It serves as a key building block in the development of various pharmaceutical compounds, particularly those targeting therapeutic areas such as anti-inflammatory and antiviral treatments. Its structure allows for the introduction of functional groups that enhance the bioactivity and efficacy of the final drug molecules. Additionally, it is employed in agrochemical research for the creation of novel pesticides and herbicides, contributing to improved crop protection and yield. The compound's unique properties make it valuable in organic synthesis, enabling the production of complex molecules with specific biological activities.