This compound is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it serves as a building block for the development of drugs targeting specific biological pathways, particularly in the creation of antiviral and anti-inflammatory agents. Its structural properties make it valuable for modifying drug molecules to enhance efficacy and selectivity. In agrochemicals, it is employed in the production of pesticides and herbicides, where it contributes to the formulation of compounds that effectively control pests and weeds. Additionally, it finds use in organic synthesis for constructing complex molecules in research and industrial applications.