Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is valuable for constructing complex molecules, particularly in the development of active ingredients for drugs targeting neurological and metabolic disorders. Additionally, it is employed in the synthesis of fragrances and flavoring agents due to its ability to impart unique aromatic properties. In research, it is utilized as a building block for studying reaction mechanisms and developing new synthetic methodologies.