This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs that target neurological disorders, including antidepressants and anxiolytics. Additionally, it is employed in the creation of agrochemicals, specifically in the formulation of pesticides and herbicides, where it contributes to the effective control of pests and weeds. In research settings, it is used to study chemical reactions and mechanisms, aiding in the discovery of new compounds with potential therapeutic or agricultural benefits. Its role in organic synthesis is crucial for modifying molecular structures to enhance the efficacy and stability of end products.