Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. Its structure is valuable in constructing heterocyclic compounds that interact with central nervous system receptors. It also finds use in agrochemicals, contributing to the creation of pesticides and plant growth regulators due to its ability to enhance bioactivity. Additionally, it serves as a building block in medicinal chemistry for designing new drug candidates with improved metabolic stability and binding affinity.