This compound is primarily utilized in the pharmaceutical and agrochemical industries. In pharmaceuticals, it serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs), particularly those targeting neurological and psychiatric disorders. Its structure is valuable in developing compounds with potential anxiolytic and antidepressant properties. In agrochemicals, it is employed in the production of herbicides and pesticides, where it contributes to the creation of effective crop protection agents. Its unique chemical framework allows for the development of compounds that can selectively target weeds and pests, enhancing agricultural productivity. Additionally, it is explored in research for its potential applications in organic synthesis and material science, particularly in the design of novel organic molecules with specific functionalities.