This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. It serves as a key intermediate in the production of drugs targeting neurological and cardiovascular disorders. Additionally, it is employed in the creation of agrochemicals, contributing to the formulation of pesticides and herbicides that enhance crop protection and yield. Its role in organic synthesis is also significant, enabling the construction of complex molecules for research and industrial purposes.