Used primarily in the synthesis of pharmaceuticals and agrochemicals, it serves as a key intermediate in the production of various active compounds. Its structure allows for the development of herbicides and fungicides, contributing to crop protection and agricultural efficiency. Additionally, it plays a role in the creation of certain drugs, particularly those targeting neurological and inflammatory conditions, due to its ability to interact with biological systems. Its applications also extend to research and development, where it is utilized in the study of chemical reactions and the design of novel molecules.