Used primarily as an intermediate in organic synthesis, this chemical plays a key role in the production of various pharmaceuticals and agrochemicals. It is often employed in the development of active ingredients for medications, particularly those targeting specific biological pathways. Additionally, it serves as a building block in the creation of specialty chemicals, including fragrances and flavoring agents, due to its ability to modify and enhance aromatic properties. Its versatility also extends to research and development, where it is utilized in the study of chemical reactions and the design of novel compounds.