Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of drugs targeting the central nervous system. It plays a key role in creating active ingredients for treatments related to neurological disorders due to its ability to form stable bonds in complex molecular structures. Also utilized in agrochemicals for developing pesticides and herbicides, where it contributes to the stability and reactivity of the final product. Its functional groups allow for easy modification in multi-step organic syntheses, making it valuable in research and development laboratories for creating new bioactive compounds.