Primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. It plays a crucial role in the development of drugs targeting neurological disorders, particularly in the creation of inhibitors for specific enzymes involved in neurodegenerative diseases. Additionally, it is employed in agrochemical research for the formulation of novel pesticides and herbicides, leveraging its structural properties to enhance efficacy and selectivity. Its application extends to material science, where it contributes to the development of advanced organic materials with potential use in electronic devices and sensors.