This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active compounds. In pharmaceuticals, it serves as a building block for the development of drugs, particularly those targeting neurological and inflammatory disorders. Its structure allows for modifications that enhance the efficacy and selectivity of the final drug molecules. In agrochemicals, it is employed in the creation of pesticides and herbicides, where its unique properties contribute to the effectiveness of these products in controlling pests and weeds. Additionally, it is used in research and development for exploring new chemical entities with potential therapeutic or agricultural benefits.