This chemical is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of compounds that exhibit biological activity. It serves as a key intermediate in the production of various drugs, including those targeting neurological disorders and inflammatory conditions. Additionally, it is employed in the creation of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its role in organic synthesis extends to the preparation of complex molecules used in research and industrial applications. The compound's unique structure makes it valuable in the design of ligands for catalytic processes, enhancing efficiency in chemical reactions.