Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of compounds targeting neurological disorders, including potential treatments for depression and anxiety. Additionally, it has been explored in the creation of novel analgesics due to its ability to interact with specific receptors in the central nervous system. In agrochemical applications, it contributes to the formulation of pesticides and herbicides, leveraging its unique chemical properties to enhance efficacy. Its versatility also extends to material science, where it is utilized in the design of advanced polymers and coatings.