Used primarily in pharmaceutical research and development as a key intermediate in the synthesis of complex organic compounds. It plays a crucial role in the creation of active pharmaceutical ingredients (APIs) for various therapeutic agents, particularly in the development of drugs targeting neurological and cardiovascular diseases. Additionally, it is utilized in agrochemical research for the design of novel pesticides and herbicides, contributing to enhanced crop protection. Its unique structure allows for selective modifications, making it valuable in medicinal chemistry for optimizing drug efficacy and safety.