Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs. It is particularly valuable in the development of compounds targeting central nervous system disorders, due to its structural properties that allow for effective interaction with biological targets. Additionally, it finds application in the creation of agrochemicals, where it contributes to the synthesis of pesticides and herbicides, enhancing their efficacy and specificity. Its role in organic synthesis is also notable, as it aids in the construction of complex molecules for research and industrial purposes.