This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, including those targeting central nervous system disorders and cardiovascular diseases. Its structure allows for further functionalization, making it valuable in medicinal chemistry for creating derivatives with potential therapeutic effects. Additionally, it is employed in agrochemical research for designing novel pesticides and herbicides, leveraging its reactivity to develop compounds that target specific pests or weeds. Its role in organic synthesis also extends to the creation of complex molecules for research and industrial applications.