Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure makes it valuable for constructing complex molecules, particularly in the development of active ingredients for medications targeting neurological and cardiovascular conditions. Additionally, it is employed in the creation of herbicides and pesticides, contributing to crop protection and agricultural efficiency. Its versatility in chemical reactions also makes it useful in research and development for exploring new compounds with potential therapeutic or industrial applications.