Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its structure allows it to act as a building block in the creation of complex molecules, often utilized in the synthesis of drugs targeting neurological disorders and cardiovascular diseases. Additionally, it finds application in the field of agrochemicals, where it is employed in the formulation of certain pesticides and herbicides. Its versatility in chemical reactions makes it valuable in research and development for creating novel compounds with potential therapeutic or agricultural benefits.