This compound is primarily utilized in the synthesis of various pharmaceuticals and agrochemicals due to its versatile chemical structure. It serves as a key intermediate in the development of drugs targeting central nervous system disorders, inflammation, and microbial infections. In the agricultural sector, it is employed in the creation of pesticides and herbicides, enhancing crop protection and yield. Additionally, its derivatives are explored in material science for the development of advanced polymers and coatings, offering improved durability and performance.