Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and plant growth regulators. Its structure allows for selective modification, making it valuable in creating biologically active molecules. The compound is also employed in research settings for sulfur- and nitrogen-containing heterocycle formation, supporting the design of novel compounds with potential pesticidal activity. Its stability and reactivity profile make it suitable for use in multi-step organic synthesis under mild conditions.