Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals. It plays a key role in the development of herbicides and pesticides, contributing to their effectiveness by enhancing chemical stability and reactivity. Additionally, it is utilized in the production of active pharmaceutical ingredients (APIs) for various therapeutic agents, particularly in the creation of compounds with antifungal and antibacterial properties. Its unique structure allows for selective functionalization, making it valuable in organic synthesis for constructing complex molecules.