Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting inflammatory and infectious diseases. Additionally, it is employed in the creation of agrochemicals, contributing to the formulation of pesticides and herbicides that protect crops from pests and diseases. The compound's reactivity also makes it useful in organic synthesis, enabling the construction of complex molecules for research and industrial applications.