Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. Its structure allows for further functionalization, making it valuable in the development of drugs targeting specific biological pathways. Additionally, it is employed in the creation of herbicides and pesticides, where its chemical properties help in controlling unwanted vegetation and pests. The compound's reactivity also makes it useful in organic synthesis, particularly in the construction of complex molecules for research and industrial applications.