This chemical is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, including those targeting central nervous system disorders, cardiovascular diseases, anti-cancer agents, and anti-inflammatory medications. Additionally, it is employed in the creation of agrochemicals, contributing to the formulation of pesticides and herbicides that enhance crop protection and yield. Its unique structure allows for versatile applications in organic synthesis, making it valuable in the preparation of complex molecules for research and industrial purposes.