Used as a key intermediate in the synthesis of agrochemicals, particularly herbicides and plant growth regulators. Its structure allows for the development of compounds that inhibit specific enzymes in weeds, making it valuable in selective weed control. Also employed in the preparation of pharmaceuticals, where it serves as a building block for drugs targeting central nervous system disorders and antimicrobial agents. Its reactivity supports derivatization in heterocyclic chemistry, enabling the creation of more complex molecules in research and industrial applications.