Used primarily in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the production of various drugs, particularly those targeting neurological and cardiovascular conditions. Its structural properties make it valuable in organic synthesis, where it is employed to create complex molecules with specific biological activities. Additionally, it finds application in the development of agrochemicals, contributing to the formulation of pesticides and herbicides that enhance crop protection. Its reactivity and functional groups allow for versatile modifications, making it a crucial component in research and industrial processes aimed at discovering new therapeutic and agricultural solutions.