Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs. Its structure is particularly valuable in the development of compounds targeting the central nervous system, where it can be incorporated into molecules designed to interact with specific receptors. Additionally, it finds application in the creation of agrochemicals, contributing to the formulation of pesticides or herbicides. Its reactivity and functional groups make it a versatile building block in organic synthesis, enabling the construction of complex molecules with potential biological activity.