Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of proton pump inhibitors like omeprazole and esomeprazole, which are used to treat gastric acid-related disorders. It also serves as a building block in agrochemicals for developing herbicides and fungicides due to its ability to enhance molecular stability and bioavailability. Its structural properties make it valuable in research and development of new active ingredients in both medicine and crop protection.