Widely utilized in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in the development of drugs targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific neurotransmitter systems. Additionally, it is employed in the creation of agrochemicals, where it contributes to the formulation of pesticides and herbicides, enhancing their efficacy and selectivity. In material science, it is used to synthesize polymers and coatings with improved durability and chemical resistance. Its versatile reactivity also makes it a valuable component in organic synthesis, facilitating the production of complex molecules for diverse industrial applications.