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 plant growth regulators. Its structure is particularly effective in targeting specific enzymes or pathways in weeds, making it valuable for creating selective herbicides that minimize harm to crops. Additionally, it is explored in pharmaceutical research for potential applications in developing bioactive molecules due to its unique chemical framework. Its role in these industries highlights its importance in advancing sustainable agriculture and innovative drug discovery.