Used primarily as an intermediate in the synthesis of agrochemicals, this compound plays a crucial role in the production of herbicides and pesticides. Its structure allows for effective modification to create compounds that target specific weeds or pests, enhancing crop protection. Additionally, it finds application in the development of pharmaceutical precursors, where its unique chemical properties contribute to the creation of active ingredients in various medications. Its stability and reactivity make it a valuable component in organic synthesis, particularly in the construction of complex molecules for industrial and research purposes.