This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the development of drugs targeting neurological disorders, including Alzheimer's disease and other cognitive impairments. Its structure is particularly valuable in creating molecules that interact with specific receptors in the brain, enhancing therapeutic efficacy. Additionally, it is employed in the production of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its role in organic synthesis extends to the creation of complex molecules used in research and industrial applications, making it a versatile component in chemical manufacturing processes.