Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting various therapeutic areas, including anti-inflammatory and anti-infective treatments. The compound's unique structure allows for the introduction of specific functional groups, enhancing the efficacy and selectivity of the resulting drug molecules. Additionally, it is utilized in agrochemical research for the creation of novel pesticides and herbicides, contributing to improved crop protection and yield. Its versatility in chemical reactions makes it valuable for organic synthesis and material science applications, particularly in the development of advanced materials with specialized properties.