This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, where it serves as a key intermediate. Its structure allows for the development of active ingredients in medications, particularly those targeting specific biochemical pathways. Additionally, it is employed in agricultural chemistry for the formulation of herbicides, aiding in the control of unwanted vegetation. In research settings, it is used as a reagent in organic synthesis to create more complex molecules for further study and application. Its versatile nature makes it valuable in both industrial and laboratory environments.