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 is particularly valuable in the development of antibacterial and antifungal agents, where it contributes to the efficacy of the final product. Additionally, it is employed in organic synthesis to create complex molecules for research and industrial applications. The compound's reactivity makes it suitable for constructing heterocyclic frameworks, which are essential in many medicinal chemistry projects. Its role in the creation of dyes and pigments also highlights its versatility in industrial chemistry.