Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer drugs. Its unique structure allows it to serve as a building block for more complex molecules, enhancing their biological activity and stability. Additionally, it finds application in the production of agrochemicals, contributing to the creation of more effective and targeted pesticides. Its role in organic synthesis is also notable, often utilized in the preparation of specialty chemicals and fine chemicals for research and industrial purposes.