Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting neurological disorders, where its structure aids in the creation of molecules that interact with specific brain receptors. Additionally, it finds application in the synthesis of agrochemicals, contributing to the formulation of pesticides and herbicides that protect crops from pests and diseases. Its role in research is also notable, as it is utilized in studies exploring new chemical reactions and pathways, helping to advance the field of synthetic chemistry.