This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex compounds. In pharmaceuticals, it serves as a building block for the development of active pharmaceutical ingredients (APIs), particularly in the creation of antiviral and anticancer drugs. Its structure allows for further functionalization, enabling the production of targeted therapeutic agents. In agrochemicals, it is used to develop herbicides and pesticides, contributing to the protection of crops by targeting specific biological pathways in pests and weeds. Its versatility and reactivity make it a valuable component in the synthesis of advanced chemical products.