This chemical is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the production of agrochemicals and pharmaceuticals. It plays a key role in the development of herbicides such as Mesotrione and plant growth regulators, contributing to effective weed control and enhanced crop yields. Additionally, it is utilized in the preparation of heterocyclic compounds, which are essential in medicinal chemistry for creating drugs with therapeutic properties. Its versatility in organic synthesis makes it valuable for research and industrial applications in chemical manufacturing.