This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and psychiatric disorders. It serves as a key intermediate in the production of benzodiazepines, which are widely prescribed for their anxiolytic, sedative, and muscle relaxant properties. Additionally, it is employed in the development of agrochemicals, specifically in the formulation of herbicides and pesticides, due to its reactivity and ability to form stable derivatives. In research settings, it is used as a building block in organic synthesis to create complex molecules for studying biochemical pathways and drug interactions. Its versatile nature makes it valuable in both industrial and academic applications.