This compound is primarily utilized in the synthesis of various agrochemicals, particularly herbicides and insecticides. Its structure serves as a key intermediate in the production of active ingredients that target unwanted weeds and pests in agricultural settings. Additionally, it finds application in the development of pharmaceutical compounds, where it acts as a building block for creating molecules with potential therapeutic effects. Its role in organic synthesis is also notable, as it participates in reactions that form complex chemical structures for research and industrial purposes.