Used primarily in the pharmaceutical and chemical synthesis industries, this compound serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting neurological and cardiovascular conditions. Additionally, it plays a role in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Its reactivity and functional groups make it a versatile building block in organic synthesis, enabling the formation of complex molecules for research and industrial applications.