This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of more complex molecules. It serves as a key building block in the development of pharmaceuticals, particularly in the synthesis of piperidine derivatives, which are often found in drugs targeting the central nervous system. Its structure allows for further functionalization, enabling chemists to create a wide range of biologically active compounds. Additionally, it is used in the research and development of agrochemicals, where its derivatives may exhibit pesticidal or herbicidal properties. The compound’s stability and reactivity make it a valuable tool in medicinal chemistry and drug discovery processes.