Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, it plays a key role in the development of various active compounds. Its structure is valuable in creating molecules with potential therapeutic properties, particularly in the design of anti-inflammatory and antimicrobial agents. Additionally, it is employed in research settings for studying chemical reactions and developing new synthetic methodologies. The compound's versatility makes it a useful building block in organic chemistry, contributing to advancements in drug discovery and material science.