This chemical is primarily utilized in the synthesis of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), particularly those used in anti-inflammatory and analgesic drugs. Its structure allows for further functionalization, making it valuable in the development of compounds with specific biological activities. Additionally, it is employed in research settings for the creation of novel chemical entities with potential therapeutic applications. Its role in agrochemical synthesis includes the development of pesticides and herbicides, contributing to crop protection and agricultural productivity.