This compound is primarily utilized in the synthesis of agrochemicals, particularly in the development of pesticides and herbicides. Its structure serves as a key intermediate in creating active ingredients that target a variety of pests and weeds, enhancing crop protection. Additionally, it finds application in the pharmaceutical industry, where it is used as a building block for the synthesis of bioactive molecules, including potential therapeutic agents. Its versatility in chemical reactions makes it valuable in organic synthesis for constructing complex molecular frameworks.