Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various agrochemicals and pharmaceuticals. Its structure allows it to act as a building block for creating complex molecules, particularly in the development of herbicides and plant growth regulators. Additionally, it is employed in research settings for the design of novel compounds with potential biological activity, aiding in the discovery of new drugs and therapeutic agents. Its versatility in chemical reactions makes it valuable in fine chemical manufacturing and advanced material synthesis.