This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex compounds. In pharmaceuticals, it serves as a building block for the development of active pharmaceutical ingredients (APIs), particularly in the creation of drugs targeting various diseases, including cancer and viral infections. Its structural properties make it suitable for modifications that enhance the efficacy and specificity of therapeutic agents. In agrochemicals, it is employed in the production of pesticides and herbicides. The compound’s ability to act as a precursor allows for the development of products that effectively control pests and weeds, contributing to improved crop yields and agricultural productivity. Its incorporation into these formulations helps in addressing resistance issues and improving the environmental profile of agrochemical products. Additionally, it is used in research and development for exploring new chemical reactions and pathways, aiding in the discovery of novel compounds with potential applications in various fields. Its versatility and reactivity make it a valuable component in synthetic chemistry, enabling the creation of diverse and complex molecules.