Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of various drugs. It plays a crucial role in the development of compounds with potential therapeutic effects, particularly in the creation of molecules targeting neurological and inflammatory conditions. Additionally, it is utilized in agrochemical research for the formulation of pesticides and herbicides, contributing to the protection of crops from pests and diseases. Its chemical structure allows for further modifications, making it a versatile building block in organic synthesis for diverse applications.