This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active compounds. Its unique structure allows it to serve as a building block in the development of potential drug candidates, particularly in the creation of molecules targeting specific biological pathways. Additionally, it is employed in the production of herbicides and pesticides, where its functional groups contribute to the efficacy and selectivity of the final product. Researchers also use it in organic synthesis to explore novel chemical reactions and develop new materials with specialized properties.