Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of potential drugs targeting neurological disorders, due to its ability to interact with specific receptors in the brain. Additionally, it is explored in the development of agrochemicals, where it contributes to the design of novel pesticides and herbicides. Its versatile reactivity also makes it a candidate for use in organic synthesis, particularly in the construction of heterocyclic compounds with potential therapeutic applications.