Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of compounds with potential therapeutic effects, particularly in the creation of drugs targeting neurological disorders and cardiovascular diseases. Additionally, it is employed in agrochemical research for the formulation of pesticides and herbicides, aiding in the protection of crops from pests and diseases. Its unique structure allows for versatile chemical modifications, making it valuable in organic synthesis for creating complex molecules.