Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the synthesis of compounds with potential therapeutic effects, such as antihistamines and antiallergics. Additionally, it finds application in the development of agrochemicals, where it contributes to the creation of pesticides and herbicides. Its role in the synthesis of fine chemicals and specialty compounds is also notable, making it a versatile reagent in industrial chemistry.