This chemical is primarily used in the synthesis of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of various active compounds, particularly those targeting specific biological pathways. Its structure allows for modifications that enhance the efficacy of drugs, especially in the development of antimicrobial and anti-inflammatory agents. Additionally, it is utilized in research laboratories for studying chemical reactions and developing new synthetic methodologies. Its applications also extend to the creation of specialty chemicals used in industrial processes, where its reactivity and stability are advantageous.