Used primarily in the synthesis of various pharmaceuticals, it serves as a key intermediate in the production of active pharmaceutical ingredients (APIs). Its role is crucial in the development of drugs targeting central nervous system disorders, including those for Parkinson's disease and other neurodegenerative conditions. Additionally, it is employed in the creation of agrochemicals, particularly in the formulation of pesticides and herbicides, where it helps in controlling pests and weeds effectively. The compound's reactivity and structural features make it valuable in organic synthesis, enabling the construction of complex molecules for research and industrial applications.