Used in pharmaceutical research as a key intermediate in the synthesis of various bioactive compounds. It plays a role in developing potential drugs targeting neurological disorders and cancer. The compound is also utilized in organic synthesis to create complex molecules for medicinal chemistry studies. Its structure allows for modifications that can lead to the discovery of new therapeutic agents. Additionally, it is employed in the development of agrochemicals, contributing to the creation of pesticides and herbicides. Its versatility makes it valuable in both drug discovery and agricultural innovation.