This compound is primarily utilized in the pharmaceutical and agrochemical industries as an intermediate in the synthesis of more complex molecules. In pharmaceuticals, it serves as a building block for developing active pharmaceutical ingredients (APIs) that target specific diseases, particularly in the design of drugs with enhanced bioavailability and efficacy. Its structure allows for modifications that can improve drug-receptor interactions. In agrochemicals, it is employed in the creation of pesticides or herbicides, where its chemical properties contribute to the effectiveness of the final product in controlling pests or weeds. Additionally, it may be used in research and development for exploring new chemical entities with potential therapeutic or agricultural applications.