Primarily utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of potential therapeutic agents, including those targeting central nervous system disorders. Additionally, it is employed in the creation of compounds with anti-inflammatory and anticancer properties. Its unique chemical framework allows for further functionalization, making it a versatile building block in medicinal chemistry. Researchers also explore its use in the design of novel agrochemicals, leveraging its potential to enhance crop protection and yield.