Primarily utilized in the synthesis of various pharmaceutical compounds, this chemical serves as a key intermediate in the development of drugs targeting neurological disorders. Its structure is particularly valuable in creating molecules that interact with specific brain receptors, aiding in the treatment of conditions like Parkinson's disease and depression. Additionally, it finds application in agrochemical research, where it contributes to the formulation of novel pesticides and herbicides. Its unique properties also make it a candidate for use in organic synthesis, facilitating the creation of complex organic molecules for research and industrial purposes.