Used in the synthesis of various pharmaceutical compounds, this chemical serves as a key intermediate in the development of drugs targeting neurological disorders. Its structure is particularly valuable in creating molecules that interact with specific receptors in the brain, aiding in the treatment of conditions like anxiety and depression. Additionally, it finds application in the production of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its role in organic synthesis is also notable, as it is utilized in the creation of complex organic molecules for research and industrial purposes.