Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. Its structure allows for further functionalization, making it valuable in the development of complex molecules. In the pharmaceutical industry, it is often utilized in the creation of drugs targeting specific diseases, particularly in the realm of antiviral and antibacterial agents. Additionally, it plays a role in the manufacture of herbicides and pesticides, contributing to crop protection and agricultural efficiency. Its versatility in organic synthesis also extends to research applications, where it is employed in the study of chemical reactions and the development of novel compounds.