Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting the central nervous system. Its structure is valuable in developing compounds with potential antipsychotic, antidepressant, and anxiolytic properties. Additionally, it is utilized in organic chemistry research to explore novel heterocyclic compounds, contributing to advancements in medicinal chemistry and drug discovery. Its applications also extend to agrochemical research, where it aids in the development of new pesticides and herbicides.