This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, including treatments for Alzheimer's disease and other cognitive impairments. Additionally, it is employed in the creation of antiviral medications, particularly those aimed at combating RNA viruses. Its structural properties make it a valuable building block in organic synthesis, enabling the production of complex molecules with potential therapeutic applications. Researchers also explore its use in the development of novel agrochemicals, particularly in the formulation of pesticides and herbicides, due to its ability to interact with biological systems effectively.