This compound is primarily utilized in the field of agrochemicals as an intermediate in the synthesis of various pesticides and herbicides. Its unique structure allows it to act as a key building block in the development of active ingredients that target specific pests or weeds, enhancing crop protection. Additionally, it may find applications in the pharmaceutical industry for the synthesis of biologically active molecules, particularly in the development of compounds with potential therapeutic properties. Its role in organic synthesis also extends to research and development, where it serves as a versatile reagent for creating complex chemical structures.