Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders. It plays a role in the production of compounds that act as selective serotonin reuptake inhibitors (SSRIs) and other central nervous system (CNS) agents. Additionally, it is utilized in the creation of agrochemicals, contributing to the formulation of pesticides and herbicides. Its structural properties make it valuable in organic synthesis for building complex molecules in medicinal and agricultural research.