This chemical is widely utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds with potential therapeutic effects, such as anti-inflammatory and antimicrobial agents. Its structure allows for further functionalization, making it valuable in organic synthesis and drug discovery processes. Additionally, it is employed in the creation of agrochemicals, contributing to the development of pesticides and herbicides. Its role in material science is also notable, where it is used in the synthesis of polymers and coatings with specific properties.