Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. It also serves in the development of agrochemicals, including herbicides and insecticides, due to its ability to enhance bioactivity in active ingredients. Its structure allows for easy functionalization, making it valuable in building complex molecules in medicinal chemistry research. Additionally, it is employed in the preparation of kinase inhibitors and other biologically active compounds in drug discovery.