This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting cardiovascular and neurological conditions. Its structure allows it to act as a versatile building block in organic synthesis, enabling the introduction of functional groups that are critical for biological activity. It is also employed in the preparation of complex molecules for research purposes, aiding in the study of drug-receptor interactions. Additionally, it finds application in the production of agrochemicals, where it contributes to the creation of compounds with herbicidal or pesticidal properties.