This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting central nervous system disorders. It serves as a key intermediate in the production of drugs that exhibit antipsychotic and antidepressant properties. Additionally, it is employed in the development of agrochemicals, specifically in the creation of pesticides and herbicides that help protect crops from pests and diseases. Its role in organic synthesis also extends to the preparation of dyes and pigments, contributing to the coloration of textiles and other materials. The compound’s versatility in chemical reactions makes it valuable in research and industrial applications, particularly in the fields of medicinal chemistry and material science.