Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of drugs targeting neurological disorders, where its structure is modified to enhance therapeutic efficacy. Additionally, it finds application in agrochemical research for the development of novel pesticides and herbicides, leveraging its chemical properties to improve crop protection. Its role in organic synthesis also extends to the production of complex molecules for material science, contributing to advancements in specialty chemicals and polymers.