Used primarily in the synthesis of agrochemicals and pharmaceuticals, this compound serves as a key intermediate in the production of herbicides and insecticides. Its structure allows for the development of compounds that target specific enzymes or receptors in pests, enhancing crop protection. In pharmaceuticals, it is utilized to create molecules with potential therapeutic effects, particularly in the treatment of neurological disorders. Its versatility in chemical reactions makes it valuable for constructing complex organic molecules in research and industrial applications.