Primarily used in the synthesis of agrochemicals, this compound serves as a key intermediate in the production of pesticides and herbicides. It plays a crucial role in creating compounds that protect crops from pests and weeds, enhancing agricultural productivity. Additionally, it is utilized in the development of certain pharmaceuticals, particularly in the formulation of drugs targeting neurological and inflammatory conditions. Its versatile structure allows for modifications that can lead to the discovery of new bioactive molecules. In industrial applications, it is sometimes employed in the manufacture of specialty chemicals and polymers, contributing to material innovation.