Used in pharmaceutical research as a building block for synthesizing various bioactive compounds, particularly in the development of drugs targeting neurological and inflammatory disorders. Its structure allows for modifications that enhance binding affinity to specific biological targets. Also employed in organic synthesis to create complex molecules for medicinal chemistry studies. Additionally, it serves as an intermediate in the production of agrochemicals, contributing to the development of new pesticides or herbicides. Its versatility makes it valuable in exploring novel therapeutic and agricultural solutions.