Used primarily in the synthesis of agrochemicals and pharmaceuticals, this compound serves as a key intermediate in the production of herbicides and insecticides. Its structure allows for the development of molecules that target specific pests, enhancing crop protection. In the pharmaceutical industry, it is utilized in the creation of active ingredients for medications, particularly those designed to combat bacterial and fungal infections. Its versatility in chemical reactions makes it valuable for research and development in organic chemistry, enabling the exploration of new compounds with potential therapeutic applications.