This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its role as a versatile intermediate. Its structure makes it valuable in the development of active ingredients for drugs, particularly in the creation of anti-inflammatory and antimicrobial agents. Additionally, it is employed in the production of herbicides and pesticides, where it contributes to the formulation of compounds that target specific plant or pest pathways. Its application in organic synthesis also extends to the creation of complex molecules for research and industrial purposes.