Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of compounds with potential therapeutic effects, such as anti-inflammatory and antimicrobial agents. Additionally, it is employed in agrochemical research for creating novel pesticides and herbicides. The compound's reactivity and functional groups make it a versatile building block in organic synthesis, enabling the creation of complex molecules for further study and application.