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 the central nervous system, 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. Its role in research and development is also notable, as it aids in the study of chemical reactions and the creation of novel compounds with potential therapeutic or industrial uses.