This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active compounds. In pharmaceuticals, it serves as a building block for the development of drugs targeting neurological and cardiovascular disorders, due to its structural properties that allow for the creation of biologically active molecules. In agrochemicals, it is used in the production of pesticides and herbicides, contributing to the formulation of compounds that effectively control pests and weeds. Its unique structure enables the modification of chemical properties, enhancing the efficacy and stability of the final products. Additionally, it is employed in research settings for the development of novel chemical entities with potential therapeutic or agricultural applications.