Used primarily as a key intermediate in the synthesis of certain herbicides, particularly those belonging to the aryloxyphenoxypropionate class, which are effective against grass weeds in broadleaf crops. Its structure allows for further chemical modifications to enhance herbicidal activity and selectivity. Additionally, it serves in the preparation of agrochemicals and plant growth regulators due to its ability to influence cellular processes in target plants. The compound’s reactivity and functional groups make it valuable in organic synthesis for developing active ingredients in crop protection products.