Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in developing drugs targeting neurological disorders, such as Parkinson's disease and epilepsy, due to its ability to interact with specific receptors in the brain. Additionally, it finds application in the creation of compounds with potential anti-inflammatory and analgesic properties, making it a versatile component in medicinal chemistry. Researchers also explore its utility in designing agrochemicals, particularly in developing pesticides and herbicides, owing to its stability and reactivity. Its role in organic synthesis extends to producing complex heterocyclic compounds, which are essential in numerous industrial and scientific applications.