This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs), particularly in the development of drugs targeting central nervous system disorders. Additionally, it is employed in the creation of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its unique structure allows for the introduction of specific functional groups, making it valuable in organic synthesis and the development of novel chemical entities. In research settings, it is often used to study reaction mechanisms and to explore new pathways in medicinal chemistry.