Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting neurological disorders, where its structural properties facilitate the creation of effective therapeutic agents. Additionally, it finds application in the synthesis of agrochemicals, contributing to the formulation of pesticides and herbicides that enhance crop protection. Its role in research and development is also notable, as it aids in the study of chemical reactions and the discovery of new compounds with potential industrial and medicinal uses.