Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. Its phosphorus-containing structure enables strong binding to enzyme active sites, enhancing drug efficacy. Also employed in agrochemicals as a building block for herbicides and plant growth regulators due to its stability and reactivity. Serves as a ligand in catalytic metal complexes for industrial chemical transformations. Its polar functional groups make it useful in aqueous-phase reactions and green chemistry applications.