This compound is primarily used in the synthesis of organic intermediates, particularly in the development of pharmaceuticals and agrochemicals. Its structure makes it a valuable building block for creating complex molecules with potential biological activity. It is often employed in research settings to explore new drug candidates, especially those targeting neurological or metabolic disorders. Additionally, it may be utilized in the production of plant growth regulators or pesticides due to its ability to interact with biological pathways. Its applications are largely experimental, focusing on innovation in medicinal and agricultural chemistry.