Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological disorders. Its structure is valuable in developing molecules that interact with specific receptors in the brain. Additionally, it finds application in agrochemicals, aiding in the creation of pesticides and herbicides due to its reactivity with biological targets. In organic chemistry, it acts as a building block for synthesizing complex heterocyclic compounds, which are essential in numerous industrial and medicinal applications.