This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals and agrochemicals. It plays a role in the production of herbicides and fungicides, contributing to crop protection and yield improvement. Additionally, it is utilized in the development of certain drugs, particularly those targeting thyroid disorders, due to its ability to interact with thyroid peroxidase. In research, it serves as a reagent in organic synthesis, aiding in the creation of complex molecules. Its applications also extend to the field of materials science, where it is used in the modification of polymers to enhance their properties.