This compound is primarily utilized in the field of agricultural chemistry, where it serves as a key intermediate in the synthesis of various agrochemicals. Its structure makes it valuable in the development of herbicides and pesticides, particularly those targeting broadleaf weeds and insect pests. The compound's unique chemical properties contribute to the efficacy of these agrochemicals by enhancing their ability to disrupt specific biological processes in the target organisms. Additionally, it is explored in pharmaceutical research for potential applications in drug development, particularly in the design of molecules with bioactive properties. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for creating more complex compounds.