Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a crucial role in the development of active ingredients for various drugs and pesticides. Its structure allows for further functionalization, making it valuable in creating compounds with specific biological activities. In the pharmaceutical industry, it is utilized in the production of antiviral and antibacterial agents. Additionally, it serves as a building block in the synthesis of herbicides and fungicides, contributing to crop protection and agricultural productivity. Its versatility in chemical reactions makes it a key component in research and industrial applications.