Used primarily in the synthesis of agrochemicals, this compound serves as a key intermediate in the production of herbicides and pesticides. Its structure allows for effective modification, enabling the development of products that target specific weeds or pests while minimizing environmental impact. Additionally, it finds application in pharmaceutical research, where it is utilized to create novel compounds for drug discovery, particularly in the development of treatments for diseases requiring precise molecular targeting. Its versatility in chemical reactions makes it valuable in organic synthesis for creating complex molecules.