Used primarily in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a key role in the development of drugs targeting cardiovascular diseases, neurological disorders, and other therapeutic areas. The compound’s structure allows for modifications that enhance the efficacy and selectivity of drug molecules. Additionally, it is utilized in organic synthesis to create complex molecules for research and development purposes. Its applications also extend to agrochemicals, where it contributes to the formulation of pesticides and herbicides.