Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the development of various therapeutic agents. Its structure is particularly valuable in the creation of compounds with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is employed in organic research to explore novel chemical reactions and pathways, contributing to advancements in medicinal chemistry. Its role in the production of agrochemicals is also notable, where it aids in the formulation of pesticides and herbicides, enhancing crop protection strategies.