Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for more complex molecules, particularly in the development of drugs targeting neurological disorders. Additionally, it finds application in the creation of specialty chemicals used in research and development, where its properties facilitate the study of new reactions and pathways. In industrial settings, it may be employed in the formulation of catalysts or as a component in the synthesis of polymers and resins.