This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex chemical structures. Its application is particularly significant in the development of pharmaceuticals, where it is used to create active ingredients for various medications. Additionally, it finds use in the synthesis of agrochemicals, contributing to the formulation of pesticides and herbicides that enhance crop protection. The compound's unique structure allows it to participate in various chemical reactions, making it a versatile building block in the creation of specialized chemicals for industrial and research purposes.