It is primarily used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. In the pharmaceutical industry, it serves as a key building block for developing compounds with potential therapeutic properties, particularly in the creation of anti-malarial and anti-cancer agents. Its structure allows for further functionalization, enabling the development of diverse drug candidates. In agrochemicals, it is utilized to produce pesticides and herbicides due to its ability to inhibit specific enzymes or pathways in pests and weeds. Additionally, it finds application in research and development for studying chemical reactions and designing novel molecules with specific biological activities.