This compound is primarily utilized in organic synthesis as an intermediate in the production of various pharmaceuticals and fine chemicals. It serves as a key building block in the synthesis of complex molecules, particularly in the development of drugs targeting the central nervous system. Additionally, it finds application in the preparation of specialty chemicals used in agrochemicals, where it contributes to the creation of compounds with specific biological activities. Its structure allows for further functionalization, making it valuable in research and industrial processes aimed at developing new materials and active ingredients.