This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting central nervous system disorders, including anxiety and depression, due to its ability to interact with specific neurotransmitter receptors. Additionally, it serves as a building block in the creation of compounds with potential anti-inflammatory and antimicrobial properties, making it a versatile component in drug discovery and development pipelines. Researchers also explore its use in designing novel therapeutic agents for treating metabolic diseases and certain types of cancers, leveraging its unique chemical framework to enhance drug efficacy and selectivity. Furthermore, it is investigated in the agrochemical industry for developing high-efficacy, environmentally friendly pesticides.