This chemical is primarily utilized in the synthesis of agrochemicals, particularly in the development of herbicides and pesticides. Its structure allows it to act as a key intermediate in creating compounds that target and inhibit the growth of unwanted plants and pests. Additionally, it finds application in pharmaceutical research, where it serves as a building block for the synthesis of various biologically active molecules. Its reactive sites make it suitable for further chemical modifications, enabling the production of diverse derivatives for specialized applications.