Used primarily in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) that target neurological disorders. Its structural properties make it valuable in the design of molecules that interact with specific receptors in the brain, aiding in the treatment of conditions like anxiety and depression. Additionally, it is utilized in the production of agrochemicals, contributing to the formulation of pesticides and herbicides that protect crops from pests and diseases. Its versatility also extends to material science, where it is incorporated into polymers to enhance their thermal stability and mechanical properties.