Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of drugs targeting neurological disorders and other therapeutic areas. Its unique structure allows for further chemical modifications, enabling the development of novel compounds with potential medicinal properties. Additionally, it plays a role in agrochemical research, aiding in the design of new pesticides or herbicides. Its application is crucial in advancing both medicinal and agricultural chemistry.