This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting central nervous system disorders, such as anxiety and depression, due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in the design of drugs with potential anti-inflammatory and anticancer properties. Researchers also explore its use in the development of agrochemicals, where it contributes to the formulation of novel pesticides and herbicides. Its versatility in organic synthesis makes it a crucial component in the discovery of new therapeutic and industrial applications.