This compound is primarily used as a key intermediate in the synthesis of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of active pharmaceutical ingredients (APIs) and drug candidates. It is particularly useful in the creation of compounds with potential therapeutic effects, such as anti-inflammatory, antiviral, or anticancer agents. Additionally, it serves as a building block in organic synthesis for constructing complex molecules, including heterocyclic compounds, which are prevalent in medicinal chemistry. Its application extends to research and development laboratories, where it aids in the exploration of novel chemical entities and their biological activities.