Primarily used in organic synthesis as an intermediate for the production of more complex chemical compounds. It serves as a key building block in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target neurological and cardiovascular conditions. Additionally, it is employed in the creation of agrochemicals, including pesticides and herbicides, due to its structural properties that can be modified to enhance efficacy. Its role in research and development is significant, as it aids in the study of chemical reactions and the exploration of new drug candidates.