Used primarily as an intermediate in organic synthesis, it plays a key role in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its structure allows it to act as a building block for more complex molecules, often utilized in the creation of drugs targeting neurological and cardiovascular conditions. Additionally, it finds application in agrochemicals, aiding in the synthesis of pesticides and herbicides. Its versatility in chemical reactions makes it valuable in research and industrial processes for creating diverse compounds.