Primarily used in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the development of various drugs. It is particularly valuable in the creation of compounds with potential anti-inflammatory and anti-cancer properties. Additionally, it finds application in the production of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its role in organic synthesis is also notable, as it is utilized in the preparation of complex molecules for research and industrial purposes. The compound's reactivity and structural features make it a versatile building block in chemical manufacturing.