Used primarily in the synthesis of pharmaceuticals, it serves as an intermediate in the production of active pharmaceutical ingredients (APIs). It is particularly valuable in the development of compounds targeting neurological disorders, where its structural properties help in modulating biological activity. Additionally, it finds application in agrochemical research for creating novel pesticides and herbicides, leveraging its ability to interact with specific enzymes or receptors in pests. Its stability and reactivity make it a versatile building block in organic synthesis, enabling the creation of complex molecules with potential therapeutic or agricultural benefits.