This compound is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex molecules. In pharmaceuticals, it serves as a building block for the development of active pharmaceutical ingredients (APIs), particularly those targeting neurological disorders or other therapeutic areas. Its structure allows for further functionalization, enabling the creation of compounds with specific biological activities. In agrochemicals, it is used in the production of pesticides or herbicides, where its chemical properties contribute to the efficacy of the final product. Additionally, it may be employed in research and development for exploring novel chemical reactions or pathways in organic synthesis.