Used as a key intermediate in the synthesis of herbicidal compounds, particularly in the development of aryloxyphenoxypropionate class herbicides. These herbicides are effective against grass weeds in broadleaf crops. The compound's structure allows for efficient binding to acetyl-CoA carboxylase (ACCase), an enzyme critical in fatty acid biosynthesis in plants, leading to inhibition of growth and eventual plant death. Its derivatives are valued for selectivity and potency at low application rates. Also explored in agrochemical research for novel pesticide development due to its favorable reactivity and derivatization potential.