Used primarily in the pharmaceutical and agrochemical industries, this compound serves as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it is utilized to develop molecules with potential therapeutic effects, particularly in the creation of drugs targeting specific enzymes or receptors. Its unique structure allows for the introduction of additional functional groups, enabling the design of compounds with improved efficacy and selectivity. In agrochemicals, it contributes to the production of pesticides and herbicides, where its chemical properties help in creating products that are effective against a broad spectrum of pests and weeds while minimizing environmental impact. Additionally, it is employed in research and development for the exploration of new chemical entities with potential applications in material science and organic synthesis.