This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its role as a key intermediate. It is particularly valuable in the development of active ingredients for crop protection products, where it contributes to the creation of compounds that exhibit herbicidal or insecticidal properties. Additionally, it finds application in organic synthesis for constructing complex molecules, especially in the preparation of heterocyclic compounds, which are essential in drug discovery and development. Its structural features make it a versatile building block for designing molecules with specific biological activities.