Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure makes it valuable for constructing complex molecules, particularly in the development of drugs targeting neurological disorders. Additionally, it is employed in the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry for their diverse biological activities. The compound’s reactivity also allows it to be utilized in cross-coupling reactions, aiding in the creation of novel materials and catalysts.