Used primarily in the synthesis of pharmaceuticals and agrochemicals, it serves as a key intermediate in the production of various drugs, including antihypertensive and anti-inflammatory medications. In agrochemicals, it is utilized to develop herbicides and insecticides, contributing to effective crop protection. Its role in organic synthesis also extends to the creation of complex molecules for research and industrial applications. Additionally, it is employed in the preparation of ligands for catalysis, enhancing the efficiency of chemical reactions.