Used primarily in the synthesis of flavoring agents, this compound contributes to the creation of unique taste profiles in food products, particularly those requiring a nutty or roasted flavor. It is also employed in the development of fragrances, where it imparts distinctive aromatic notes. In the pharmaceutical industry, it serves as an intermediate in the production of various active compounds, enhancing the efficacy of certain medications. Additionally, its application in agricultural chemicals helps in formulating pesticides that target specific pests, improving crop protection.