Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs. Its structure allows it to act as a building block for creating molecules with potential therapeutic effects, particularly in the development of antihypertensive and cardiovascular medications. Additionally, it is utilized in organic chemistry research for the preparation of complex organic compounds, aiding in the study of chemical reactions and mechanisms. Its application extends to the agrochemical industry, where it contributes to the formulation of pesticides and herbicides, enhancing crop protection and yield.