Primarily used in the synthesis of agrochemicals, this compound serves as a key intermediate in the production of herbicides and pesticides. Its structure allows for the creation of highly effective crop protection agents, targeting a broad spectrum of weeds and pests. Additionally, it finds application in the pharmaceutical industry, where it is utilized in the development of active pharmaceutical ingredients (APIs) for various therapeutic agents. The compound's reactivity and stability make it a valuable building block in organic synthesis, particularly in the formation of complex molecules for research and industrial purposes.