Used primarily in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the development of various drugs. Its structure is particularly valuable in creating active ingredients for medications targeting neurological disorders and infectious diseases. Additionally, it finds application in agricultural chemistry, where it contributes to the formulation of pesticides and herbicides, aiding in crop protection. Its reactivity and functional groups make it a versatile building block in organic synthesis, enabling the production of complex molecules in both industrial and research settings.