This compound is widely utilized in the synthesis of pharmaceuticals, particularly in the development of drugs that target the central nervous system. It serves as a key intermediate in the production of compounds with potential antidepressant and anxiolytic properties. Additionally, it is employed in organic chemistry research for the creation of complex molecules, often acting as a building block in the formation of more intricate structures. Its applications also extend to the field of agrochemicals, where it is used in the development of pesticides and herbicides. Furthermore, it plays a role in the synthesis of dyes and other industrial chemicals, contributing to the production of materials with specific color properties.