This compound is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the preparation of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its structure, featuring the isoindoline moiety, makes it valuable for constructing complex molecules, often serving as a protective group or a building block in multi-step synthetic processes. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry for designing drugs with specific biological activities. Its application extends to the production of agrochemicals and fine chemicals, where it contributes to the development of compounds with tailored properties.