This chemical is widely used in the synthesis of various pharmaceuticals and agrochemicals due to its versatile structure. It serves as a key intermediate in the production of antibacterial and antifungal agents, contributing to the development of drugs that combat microbial infections. Additionally, it is utilized in the creation of herbicides and pesticides, helping to protect crops from pests and weeds. Its role in organic synthesis also extends to the preparation of heterocyclic compounds, which are essential in medicinal chemistry and material science.