This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting central nervous system disorders, including anticonvulsants and neuroprotective agents. Additionally, it serves as a building block in the production of compounds with potential anticancer properties, where its unique chemical framework allows for the creation of molecules that can inhibit specific enzymes or pathways involved in tumor growth. The compound is also explored in agricultural chemistry for the development of novel pesticides and herbicides, leveraging its reactivity to design molecules that can effectively target pests or weeds. Its versatility in organic synthesis makes it a valuable tool in research and industrial applications, enabling the creation of diverse chemical entities for various therapeutic and agricultural purposes.