Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting central nervous system disorders. Its structure enables selective interactions with neurotransmitter receptors, making it valuable in developing antipsychotic and anxiolytic agents. Also employed in agrochemical research for designing novel pesticides due to its stability and reactivity in heterocyclic transformations. Commonly utilized in medicinal chemistry for scaffold modification to enhance drug potency and metabolic stability.