Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. It is particularly valuable in the development of antiviral and anticancer drugs, where its structure allows for effective modifications to enhance biological activity. Additionally, it plays a role in creating herbicides and pesticides, contributing to the control of unwanted vegetation and pests in agricultural settings. Its versatility in organic synthesis makes it a crucial component in research and industrial applications, enabling the creation of complex molecules with specific properties.