Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs, particularly those targeting neurological and inflammatory conditions. It is also employed in the development of agrochemicals, where it contributes to the creation of herbicides and pesticides. In research, it is utilized to study enzyme inhibition and receptor binding activities, aiding in the discovery of new therapeutic agents. Its role in organic synthesis extends to the preparation of complex molecules for material science applications.