This chemical is primarily used in the synthesis of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential therapeutic properties, particularly in the development of drugs targeting neurological and metabolic disorders. Its structure allows for further functionalization, making it valuable in creating complex molecules. Additionally, it is utilized in research and development for designing novel pesticides and herbicides, contributing to advancements in agricultural science. Its versatility in organic synthesis also makes it a useful building block in material science for creating specialized polymers and coatings.