Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs. It is particularly valuable in the development of antibacterial and antifungal agents, contributing to the creation of medications that combat resistant microbial strains. Additionally, it finds application in agricultural chemistry, where it is utilized in the formulation of pesticides and herbicides to enhance crop protection. Its role in organic synthesis also extends to the preparation of complex molecules for research and industrial purposes.