Used primarily in the pharmaceutical and agrochemical industries, this compound serves as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it is utilized in the development of drugs targeting specific diseases, particularly in the creation of molecules with potential therapeutic effects. In agrochemicals, it plays a role in the formulation of pesticides or herbicides, contributing to the protection of crops from pests and diseases. Its structure allows for further chemical modifications, making it a versatile building block in organic synthesis.