Used primarily as an intermediate in the synthesis of various pharmaceutical compounds, it plays a crucial role in the development of active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the production of antihistamines and other therapeutic agents targeting allergic reactions and respiratory conditions. Additionally, it is utilized in agrochemical research for creating pesticides and herbicides, contributing to crop protection and agricultural productivity. Its reactivity and functional groups make it a versatile building block in organic synthesis, enabling the creation of complex molecules for diverse industrial applications.