Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting the central nervous system. It serves as a building block in the production of certain antipsychotic and antidepressant medications. Its structure allows for functional modifications that enhance drug stability and bioavailability. Also employed in agrochemicals for the creation of herbicides and pesticides due to its reactivity and ability to form complex molecules. Commonly utilized in research laboratories for developing new organic compounds and catalytic agents.