This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structural properties make it valuable for creating molecules that interact with specific receptors in the brain, potentially leading to the development of new medications for conditions such as anxiety, depression, and epilepsy. Additionally, it is explored in the design of agrochemicals, where it contributes to the creation of novel pesticides or herbicides with improved efficacy and safety profiles. Its versatility in chemical reactions also makes it a useful component in organic synthesis for constructing complex heterocyclic frameworks.