Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting central nervous system disorders. Its structure allows for the creation of compounds with potential antibacterial and antifungal properties, making it valuable in the development of new antimicrobial agents. Additionally, it is employed in the production of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its versatility in organic synthesis also makes it a useful building block for creating complex molecules in medicinal chemistry.