Used primarily in the synthesis of pharmaceuticals, particularly in the production of compounds that target neurological disorders. It serves as a key intermediate in the creation of drugs that modulate neurotransmitter activity. Additionally, it is utilized in the development of polymers and coatings, enhancing their durability and flexibility. In research, it is employed to study enzyme interactions and protein modifications, aiding in the understanding of biochemical pathways. Its role in organic synthesis also extends to the production of specialty chemicals used in various industrial applications.