This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active compounds. In pharmaceuticals, it plays a crucial role in the development of drugs targeting specific diseases, particularly those involving enzyme inhibition or receptor modulation. Its structure allows for the creation of molecules with potential therapeutic effects. In agrochemicals, it is used to develop pesticides or herbicides, contributing to the protection of crops from pests and diseases. Its versatility in chemical reactions makes it valuable for research and development in creating innovative solutions for health and agriculture.