This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex chemical structures. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it finds application in the field of agrochemicals, where it is used to create compounds that act as pesticides or herbicides. Its structure allows for further chemical modifications, making it a versatile building block in research and industrial chemistry.