This chemical 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 antiviral and anticancer activities. Its structure allows for further modifications to create compounds with specific biological activities. In agrochemicals, it is used in the development of pesticides and herbicides, where it contributes to the active ingredients that control pests and weeds effectively. The compound's reactivity and stability make it a valuable building block in the creation of more complex molecules tailored for specific applications in these fields.