This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural properties make it suitable for designing compounds that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like depression, anxiety, and other mood-related illnesses. Additionally, it is explored in the development of novel agrochemicals, where its unique chemical structure contributes to the creation of pesticides or herbicides with enhanced efficacy and selectivity. Researchers also investigate its potential in organic synthesis for constructing complex molecular architectures in drug discovery programs.