Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of complex molecules. In the pharmaceutical industry, it is utilized in the synthesis of active ingredients for medications targeting specific diseases. Additionally, it finds applications in the creation of herbicides and pesticides, contributing to crop protection and agricultural productivity. Its role in chemical research is also significant, as it aids in the study of reaction mechanisms and the development of new synthetic routes.