Used primarily in the synthesis of agrochemicals, this compound serves as a key intermediate in the production of herbicides and pesticides. Its structure allows for effective modification to create compounds that target specific weed species, enhancing crop protection. Additionally, it finds application in the development of pharmaceutical agents, particularly in the creation of molecules with potential antimicrobial and antifungal properties. Researchers also explore its utility in organic synthesis, where it acts as a building block for more complex chemical structures.