Primarily used in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of drugs targeting central nervous system disorders, including potential treatments for anxiety and depression. Additionally, it plays a role in the development of kinase inhibitors, which are crucial in cancer therapy. In organic chemistry, it is utilized for constructing complex heterocyclic frameworks, aiding in the discovery of novel therapeutic agents. Its versatility also extends to agrochemical research, where it contributes to the design of new pesticides and herbicides.