This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological disorders. It serves as a key intermediate in the production of inhibitors for specific enzymes involved in neurodegenerative diseases. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of pesticides and herbicides designed to protect crops from pests and weeds. Its unique structure allows it to act as a building block in organic synthesis, enabling the creation of complex molecules with potential applications in both medicine and agriculture.