This compound is primarily utilized in the field of agrochemical research and development. It serves as a key intermediate in the synthesis of various herbicides and pesticides. Its structural properties make it effective in targeting specific enzymes or proteins in weeds and pests, thereby inhibiting their growth or survival. Additionally, it is explored in pharmaceutical research for potential applications in drug discovery, particularly in the development of small molecule inhibitors for therapeutic purposes. Its versatility in chemical reactions also makes it a valuable building block in organic synthesis for creating more complex molecules.