This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting central nervous system disorders. It serves as a key intermediate in the production of drugs that exhibit antipsychotic and antidepressant properties. Additionally, it finds application in the development of agrochemicals, specifically in the creation of herbicides and pesticides, where it contributes to the effective control of unwanted vegetation and pests. Its role in organic synthesis is also notable, as it is used to construct complex molecules in research and industrial settings.