Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the creation of drugs targeting neurological and cardiovascular diseases. Additionally, it is employed in the development of agrochemicals, where it acts as a building block for herbicides and pesticides. Its unique chemical properties also make it suitable for use in organic synthesis, aiding in the creation of complex molecules for further study and application.