This chemical is widely used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the production of drugs targeting central nervous system disorders. Its structure allows it to act as a building block for creating compounds with potential antidepressant or anxiolytic properties. Additionally, it finds application in the development of corrosion inhibitors, where it helps protect metal surfaces in industrial settings. In polymer chemistry, it serves as a cross-linking agent, enhancing the durability and stability of resins and coatings. Its versatility also extends to the field of organic synthesis, where it is utilized to create complex molecules for research and industrial purposes.