Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. It is particularly valuable in the development of herbicides and insecticides, where its structure contributes to the effectiveness of the final product. Additionally, it finds application in the creation of certain pharmaceutical compounds, aiding in the synthesis of drugs that target specific biological pathways. Its reactivity and functional groups make it a versatile building block in organic synthesis.