Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of bioactive molecules, including potential treatments for neurological disorders. Its structure allows for modifications that enhance binding affinity to specific receptors, making it valuable in medicinal chemistry research. Additionally, it is employed in the creation of agrochemicals, contributing to the development of pesticides or herbicides with improved efficacy. Its versatility in organic synthesis also makes it useful in the preparation of complex chemical entities for various industrial applications.