This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into compounds designed to modulate specific receptors in the brain, potentially leading to the development of new treatments for conditions such as anxiety, depression, and schizophrenia. Additionally, it is explored in the creation of novel agrochemicals, where it may contribute to the formulation of more effective pesticides or herbicides. Its unique chemical properties make it a valuable building block in organic synthesis, enabling the creation of complex molecules with potential therapeutic or industrial applications.