This compound is primarily utilized in the pharmaceutical and agrochemical industries. In pharmaceuticals, it serves as a key intermediate in the synthesis of various drugs, particularly those targeting specific enzymes or receptors. Its structure allows for modifications that can lead to the development of compounds with potential therapeutic effects, such as antiviral or anticancer agents.

In agrochemicals, it is used in the production of pesticides and herbicides. Its chemical properties make it effective in creating formulations that can control or eliminate pests and weeds, contributing to improved crop yields and agricultural efficiency. Additionally, its role in research and development is significant, as it aids in the discovery of new chemical entities with potential applications in both human health and agriculture.