This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of drugs targeting central nervous system disorders, due to its ability to interact with specific receptors in the brain. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides that enhance crop protection. Its role in research and development is also significant, as it aids in the exploration of new chemical entities with potential therapeutic benefits.