This compound is primarily utilized in the synthesis of various pharmaceutical intermediates and active ingredients. It serves as a key building block in the development of drugs targeting neurological disorders, particularly those involving neurotransmitter modulation. Its structural properties make it suitable for creating compounds that interact with specific receptors in the brain, aiding in the treatment of conditions like depression, anxiety, and cognitive impairments.

Additionally, it is employed in agrochemical research for the development of novel pesticides and herbicides. Its reactivity allows for the creation of molecules that can effectively target pests or inhibit weed growth while minimizing environmental impact. In material science, it is used in the synthesis of organic dyes and pigments, contributing to the production of colorants for textiles, coatings, and plastics. Its versatility in organic synthesis makes it a valuable component in various industrial and research applications.