Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological disorders, including Parkinson’s disease and other neurodegenerative conditions. Its structure allows for modifications that enhance binding affinity to specific receptors or enzymes, making it a versatile building block in medicinal chemistry. Additionally, it is employed in the creation of agrochemicals, where it contributes to the development of novel pesticides or herbicides with improved efficacy and selectivity. Its role in organic synthesis also extends to the production of complex molecules for chemical and biological studies.