Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the development of various therapeutic agents. Its structure is particularly valuable in creating molecules with potential antibacterial and antifungal properties, making it significant in the research and production of new medications targeting microbial infections. Additionally, it finds application in agrochemical research, where it contributes to the development of novel pesticides and herbicides, enhancing crop protection strategies. Its role in organic synthesis also extends to the creation of complex organic compounds used in material science, aiding in the development of advanced materials with specific desired properties.