This compound is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex molecules. Its structure allows for versatile chemical modifications, making it valuable in the development of active pharmaceutical ingredients (APIs) and crop protection agents. In medicinal chemistry, it serves as a building block for creating compounds with potential therapeutic effects, particularly in targeting specific enzymes or receptors. Additionally, its incorporation into agrochemical formulations aids in the design of herbicides, insecticides, or fungicides, contributing to improved crop yield and pest management. The compound’s unique chemical properties also make it suitable for research and development in organic synthesis, enabling the exploration of novel chemical pathways and reactions.