This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex molecules. It serves as a key building block in the preparation of pharmaceutical compounds, particularly those targeting neurological and psychiatric disorders. Its structure allows for modifications that can lead to the creation of potential drug candidates with enhanced biological activity. Additionally, it is employed in research settings to study reaction mechanisms and develop new synthetic methodologies. Its application extends to the field of agrochemicals, where it contributes to the synthesis of compounds with potential pesticidal or herbicidal properties.