Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports derivatization for creating potent ligands targeting neurological receptors. Commonly employed in research settings to design novel psychoactive drugs and cognitive enhancers. Also explored in agrochemical research for developing new bioactive molecules with potential pesticidal or herbicidal activity. Its stability and reactivity profile make it suitable for use in combinatorial chemistry and high-throughput screening programs.