Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting neurological disorders, where its structural framework is utilized to create active pharmaceutical ingredients. Additionally, it finds application in the synthesis of agrochemicals, contributing to the formulation of pesticides and herbicides that enhance crop protection. Its role in research and development is significant, aiding in the discovery of new chemical entities with potential therapeutic or agricultural benefits.