This compound is primarily utilized in the synthesis of agrochemicals and pharmaceuticals. It serves as a key intermediate in the production of herbicides and fungicides, contributing to the development of effective crop protection solutions. Additionally, it is employed in the creation of active pharmaceutical ingredients (APIs) for various therapeutic applications, particularly in the development of antiviral and antibacterial drugs. Its unique structure allows for the introduction of specific functional groups, making it valuable in organic synthesis and drug discovery processes.