Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs. It is particularly valuable in the development of antiviral and antibacterial agents, where its structure contributes to the efficacy of the final product. Additionally, it is employed in agricultural chemistry for the creation of pesticides and herbicides, aiding in the protection of crops from pests and diseases. Its versatile nature makes it a crucial component in research and industrial applications, particularly in the fields of medicinal and agrochemical development.