This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and psychiatric disorders. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that modulate neurotransmitter systems. Additionally, it is employed in the development of agrochemicals, specifically in the creation of pesticides and herbicides that protect crops from pests and weeds. Its unique structure allows it to act as a building block in organic synthesis, enabling the creation of complex molecules with specific biological activities. Researchers also explore its potential in material science, particularly in the design of novel polymers and coatings with enhanced properties.