Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that target central nervous system disorders. Its structure allows for easy functionalization, making it valuable in creating analogs for drug discovery. Commonly employed in the preparation of piperidine-based compounds with potential antipsychotic, antidepressant, or anti-inflammatory activity. Also utilized in agrochemical research for developing novel pesticides due to its reactivity and ability to form complex heterocyclic systems.