This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a building block in the development of compounds with potential biological activity, such as inhibitors or modulators of specific enzymes or receptors. In the pharmaceutical industry, it is often employed in the synthesis of drug candidates targeting therapeutic areas like inflammation, cancer, or central nervous system disorders. Additionally, its structure makes it valuable in the creation of complex molecules for research and development purposes. In agrochemical applications, it can be used to develop active ingredients for crop protection products, aiding in the control of pests or diseases. Its versatility and reactivity make it a useful component in the synthesis of specialized chemical products.