Primarily used in the synthesis of agrochemicals, this compound serves as a key intermediate in the production of herbicides and fungicides, offering effective pest control in agriculture. It is also utilized in the development of pharmaceuticals, particularly in the creation of compounds with antimicrobial and anti-inflammatory properties. Additionally, it finds application in material science, where it contributes to the production of polymers and coatings with enhanced durability and resistance to environmental factors. Its versatility in organic synthesis makes it valuable for constructing complex molecules in research and industrial settings.