Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it helps modulate neurotransmitter activity. Additionally, it finds application in agrochemical research for creating compounds that protect crops from pests and diseases. Its versatility in chemical reactions makes it a useful building block in organic synthesis, enabling the creation of complex molecules with potential therapeutic or agricultural benefits.