This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key building block in the production of various drugs, including those with anti-inflammatory, antimicrobial, or analgesic properties. Its structure allows for further chemical modifications, making it valuable in medicinal chemistry research. Additionally, it is employed in agrochemical applications, contributing to the creation of pesticides or herbicides. Its role in organic synthesis extends to the preparation of complex molecules for industrial and research purposes.