Primarily used in organic synthesis, this compound serves as a versatile intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for more complex molecules, particularly in the development of drugs targeting neurological disorders. Additionally, it finds application in the synthesis of specialty chemicals, where its unique properties facilitate the creation of high-performance materials. In research settings, it is employed as a reagent in studies focusing on reaction mechanisms and the development of novel synthetic pathways. Its role in catalysis is also noteworthy, as it can enhance the efficiency of certain chemical transformations.