Primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, including Alzheimer's disease and Parkinson's disease, due to its ability to modulate specific receptors in the brain. Additionally, it is employed in agrochemical research for creating novel pesticides and herbicides, leveraging its structural properties to enhance efficacy and selectivity. Its application extends to material science, where it is used in the production of advanced polymers and coatings with improved durability and resistance to environmental factors.