Used in the synthesis of various pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in creating molecules that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like depression or anxiety. Additionally, it is employed in research for designing novel bioactive compounds due to its unique structural properties, which allow for diverse chemical modifications. Its applications also extend to agrochemicals, where it contributes to the development of new pesticides or herbicides with improved efficacy.