Primarily utilized in the field of organic synthesis, this compound serves as a key intermediate in the development of various pharmaceuticals. Its structure is particularly valuable in the creation of active pharmaceutical ingredients (APIs) that target neurological disorders. Additionally, it is employed in the synthesis of agrochemicals, contributing to the production of pesticides and herbicides that enhance crop protection. Researchers also explore its potential in the development of novel compounds for medicinal chemistry, leveraging its unique properties to design molecules with specific biological activities.