Used in pharmaceutical research as a building block for the synthesis of bioactive compounds. It serves as a key intermediate in the development of drugs targeting neurological disorders, such as Parkinson's disease and depression. Its structure is valuable in creating molecules that interact with specific receptors in the brain. Additionally, it is employed in the study of enzyme inhibitors, particularly those involved in metabolic pathways. The compound is also utilized in the preparation of ligands for metal-catalyzed reactions, aiding in the development of novel catalysts for organic synthesis. Its applications extend to the field of agrochemicals, where it is used to design pesticides and herbicides with improved efficacy.