Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for drugs targeting central nervous system disorders and anti-inflammatory agents. Its structure allows for selective functionalization in multi-step organic reactions, making it valuable in medicinal chemistry for building complex molecules. Also employed in the preparation of agrochemicals, including herbicides and fungicides, due to its ability to enhance bioactivity. Commonly utilized in research laboratories for the design of novel compounds in drug discovery programs.