This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals and organic compounds. Its structure makes it valuable in the development of drugs targeting neurological disorders, as it can be modified to create compounds that interact with specific receptors in the brain. Additionally, it is utilized in the production of agrochemicals, where it serves as a building block for creating pesticides and herbicides. Its reactivity also allows it to be employed in organic synthesis for constructing complex molecules with potential applications in materials science, such as polymers or coatings. Researchers often explore its derivatives for their potential biological activities, including anti-inflammatory or antimicrobial properties.