This compound is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active ingredients. Its structure allows for the development of molecules with potential biological activity, making it valuable in drug discovery. It is often employed in the creation of compounds targeting specific enzymes or receptors, particularly in the design of antifungal, antibacterial, or antiviral agents. Additionally, its derivatives are explored for their potential use in crop protection products, aiding in the development of pesticides or herbicides. The compound’s versatility in chemical reactions, such as substitution or coupling, makes it a useful building block in organic synthesis.