This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target central nervous system disorders, including antidepressants and anxiolytics. Additionally, it is employed in the development of agrochemicals, particularly in the formulation of pesticides and herbicides, due to its structural properties that enhance efficacy. In research, it is used as a building block for creating complex molecules in organic chemistry studies, aiding in the exploration of new reactions and pathways. Its versatility also extends to material science, where it contributes to the synthesis of advanced polymers and coatings with specific functional properties.