Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting specific enzymes or receptors, where its structural properties enhance binding affinity and selectivity. Additionally, it finds application in agrochemical research, contributing to the creation of novel herbicides and pesticides. Its unique chemical structure allows for effective interaction with biological targets, making it a versatile building block in both medicinal and agricultural chemistry.