It is primarily used in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. The compound serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that exhibit neuroprotective or antipsychotic properties. Additionally, it finds application in the preparation of agrochemicals, where it contributes to the creation of herbicides or pesticides with enhanced efficacy. Its structural features make it valuable in organic synthesis for constructing complex molecules with specific biological activities. Researchers also utilize it in the study of enzyme inhibition and receptor binding mechanisms, aiding in the discovery of novel therapeutic agents.