This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting the central nervous system, where its structural features contribute to the modulation of neurotransmitter activity. Additionally, it finds application in the production of agrochemicals, specifically in the formulation of herbicides and pesticides, due to its ability to interact with specific biological pathways in plants and pests. Its incorporation into research and development processes also aids in the creation of novel compounds with potential therapeutic or agricultural benefits.