Primarily used as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals and agrochemicals. Its structure allows it to be a key building block in the development of active ingredients for medications, particularly those targeting specific receptors or enzymes. Additionally, it finds application in the synthesis of herbicides and pesticides, where its chemical properties contribute to the effectiveness of these products. In research and development, it is utilized to create novel compounds with potential therapeutic or industrial uses. Its versatility in chemical reactions makes it a valuable component in laboratories focused on innovation in chemical and biological sciences.