Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological disorders. Its structure is valuable in the development of molecules that interact with specific receptors in the brain, aiding in the treatment of conditions like depression and anxiety. Additionally, it finds application in agrochemical research for creating novel pesticides, leveraging its chemical properties to enhance efficacy and selectivity. Its role in organic synthesis also extends to the production of complex organic compounds used in material science and industrial chemistry.