Widely used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological and inflammatory disorders. Its structure is valuable in developing molecules with potential therapeutic effects, such as anxiolytics and anticonvulsants. Additionally, it is employed in the creation of fluorescent probes for biological imaging, aiding in the study of cellular processes. Its versatility also extends to agrochemical applications, where it contributes to the development of novel pesticides and herbicides.