This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of various pharmaceuticals. Its structure is particularly valuable in the construction of complex molecules, often acting as a building block for drugs targeting neurological disorders. Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Researchers also explore its potential in material science, particularly in the design of novel polymers with specific properties. Its reactivity and functional groups make it a key component in the development of biologically active compounds, enhancing the efficiency of drug discovery processes.