Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of compounds with potential central nervous system activity, such as certain types of antidepressants and anxiolytics. Additionally, it finds application in the synthesis of agrochemicals, where it contributes to the creation of pesticides and herbicides. Its structure allows for versatile chemical modifications, making it a useful building block in medicinal chemistry research.