This chemical is primarily utilized in the synthesis of various pharmaceutical compounds due to its versatile structure. It serves as a key intermediate in the production of drugs targeting neurological disorders, including anticonvulsants and anxiolytics. Additionally, it is employed in the development of agrochemicals, particularly in the creation of pesticides and herbicides, owing to its ability to interfere with specific biological pathways in pests. Its role in organic synthesis also extends to the preparation of complex molecules for research and industrial applications, making it a valuable component in chemical manufacturing processes.