Primarily used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological disorders and cardiovascular diseases. Its structural properties make it suitable for creating molecules with potential therapeutic effects, aiding in the discovery of new medications. Additionally, it is employed in organic synthesis to construct complex heterocyclic compounds, which are essential in medicinal chemistry. Its applications also extend to agrochemical research, where it contributes to the development of novel pesticides and herbicides.