This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, where it serves as a key intermediate. Its structure allows it to be incorporated into molecules designed for therapeutic applications, particularly in the development of drugs targeting neurological and cardiovascular conditions. Additionally, it is employed in organic synthesis to create complex molecules with potential biological activity. Its versatility also extends to the field of agrochemicals, where it contributes to the production of compounds used in crop protection and pest control. Researchers value it for its role in facilitating the creation of novel chemical entities with specific functional properties.