This chemical is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active compounds. Its unique structure makes it valuable for creating molecules with potential therapeutic effects, particularly in the areas of central nervous system disorders and cardiovascular diseases. Additionally, it is employed in the design of novel drugs targeting specific enzymes or receptors, contributing to advancements in medicinal chemistry. Its versatility also extends to agrochemical applications, where it serves as a building block for developing compounds with pesticidal or herbicidal properties.