This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It is often incorporated into the development of pharmaceuticals, particularly those targeting neurological disorders, due to its structural compatibility with certain receptor sites in the brain. Additionally, it serves as a building block in the creation of compounds with potential anti-inflammatory and analgesic properties. Researchers also explore its use in designing novel agrochemicals, where it contributes to the development of pesticides or herbicides with improved efficacy and selectivity. Its versatility in organic synthesis makes it valuable for constructing complex molecules in both academic and industrial research settings.