This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various drugs, particularly those targeting central nervous system disorders. Its structure allows it to be a building block for creating compounds with potential antipsychotic or antidepressant properties. Additionally, it is employed in the development of agrochemicals, where it contributes to the production of pesticides and herbicides, enhancing their efficacy and specificity. In research settings, it serves as a precursor for the synthesis of complex organic molecules, aiding in the study of chemical reactions and biological activities. Its versatility also extends to material science, where it is used in the creation of advanced polymers and coatings with specialized properties.