Used in pharmaceutical research as a building block for synthesizing various bioactive compounds. Its structure is valuable in developing drugs targeting neurological disorders, such as Alzheimer's disease, due to its potential to modulate neurotransmitter systems. Additionally, it serves as a precursor in the creation of chiral molecules, which are crucial for producing enantiomerically pure drugs. The compound is also explored in agrochemical research for designing novel pesticides and herbicides, leveraging its unique chemical properties to enhance efficacy and selectivity. Its applications extend to material science, where it is used to develop advanced polymers with specific mechanical and thermal properties.