This chemical is primarily utilized in the synthesis of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), particularly those targeting neurological and cardiovascular diseases. Its structure allows for modifications that enhance drug efficacy and selectivity. Additionally, it is employed in the development of herbicides and pesticides, where it contributes to the creation of compounds that effectively control weed and pest populations. Its versatility in chemical reactions makes it valuable in research and industrial applications for designing novel compounds with specific biological activities.