Used primarily in pharmaceutical research, this compound serves as an intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting neurological disorders, where its structural properties facilitate the creation of compounds that interact with specific receptors in the brain. Additionally, it finds application in the production of agrochemicals, aiding in the formulation of pesticides and herbicides that require precise chemical modifications for enhanced efficacy. Its role in organic synthesis is also notable, often employed to construct complex heterocyclic frameworks essential in medicinal chemistry.