This chemical is primarily utilized in the pharmaceutical and agrochemical industries. In pharmaceuticals, it serves as a key intermediate in the synthesis of various active compounds, particularly those targeting neurological and metabolic disorders. Its structure is valuable for developing molecules with specific receptor-binding properties. Additionally, it is being studied for potential use in anti-cancer drug development due to its modifiable structure that can enhance inhibition of cancer cell growth. In agrochemicals, it is used to create pesticides and herbicides due to its ability to inhibit certain enzymes or pathways essential for pest or weed survival. Additionally, it finds application in research and development for studying chemical reactions and designing novel compounds with potential therapeutic or agricultural benefits.