This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting specific diseases, including cancer and inflammatory conditions. Its structure allows for further functionalization, making it valuable in medicinal chemistry for creating derivatives with enhanced biological activity. Additionally, it is employed in agrochemical research to develop novel pesticides and herbicides, leveraging its reactivity to form compounds that can effectively target pests or weeds. Its application in organic synthesis also extends to the creation of complex molecules for material science and chemical research.