Used primarily in the synthesis of agrochemicals and pharmaceuticals, this compound serves as a key intermediate in the production of herbicides and insecticides. Its structure allows for effective modification, enabling the development of compounds that target specific pests or diseases. Additionally, it plays a role in the creation of active pharmaceutical ingredients, particularly in drugs designed to treat neurological disorders or infections. Its versatility in chemical reactions makes it valuable for researchers and industries focused on innovation in crop protection and medicinal chemistry.