This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of active ingredients used in medications targeting neurological disorders and cardiovascular diseases. Additionally, it is employed in the creation of herbicides and pesticides, contributing to effective crop protection and pest management. Its unique structure allows for versatile chemical transformations, making it valuable in research and industrial applications for developing new chemical entities with specific biological activities.