This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs) for therapeutic drugs. It serves as a key building block in organic synthesis, enabling the creation of complex molecules with potential biological activity. Its structure is often leveraged in the design of compounds targeting specific enzymes or receptors, making it valuable in medicinal chemistry research. Additionally, it may be employed in the production of agrochemicals, where it contributes to the development of pesticides or herbicides. Its role in chemical synthesis underscores its importance in advancing both pharmaceutical and agricultural industries.