This chemical is widely utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and cardiovascular disorders. It serves as a key intermediate in the production of drugs that modulate serotonin and dopamine receptors, making it valuable in the development of antidepressants and antipsychotics. Additionally, it is employed in the creation of anti-inflammatory and analgesic agents due to its structural compatibility with bioactive molecules. Its role in organic synthesis extends to the preparation of fine chemicals and agrochemicals, where it contributes to the development of herbicides and fungicides. The compound’s versatility also makes it useful in material science, particularly in the synthesis of polymers and coatings with enhanced durability and performance.