This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of various active ingredients, particularly in the development of herbicides and fungicides. Its structure allows it to act as a building block for more complex molecules, enabling the creation of compounds that target specific biological pathways in plants or microorganisms. Additionally, it finds application in research and development for designing novel drugs, especially in the field of antiviral and anticancer therapies, due to its potential to interact with enzymes and receptors involved in disease processes.