This compound is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it serves as a building block for the development of drugs targeting specific diseases, particularly in the creation of molecules with potential therapeutic effects. Its structural properties make it valuable in the design of compounds with improved bioavailability and efficacy. In agrochemicals, it is employed in the production of pesticides and herbicides, aiding in the protection of crops from pests and weeds. Its versatility in chemical reactions allows for the creation of diverse derivatives, enhancing its applicability in research and industrial processes.