This compound is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it serves as a building block for developing drugs targeting specific diseases, particularly in the creation of inhibitors or modulators for enzymes and receptors. Its structural properties make it valuable in designing compounds with enhanced bioavailability and efficacy. In agrochemicals, it is employed in the development of pesticides or herbicides, contributing to the creation of molecules that effectively control pests or weeds while minimizing environmental impact. Its versatility in chemical reactions allows for the modification of its core structure to achieve desired biological activity.