Used primarily in the synthesis of pharmaceuticals, this compound plays a crucial role in the development of active pharmaceutical ingredients (APIs). It is often employed as an intermediate in the production of various drugs, particularly those targeting neurological and cardiovascular disorders. Additionally, it finds application in agrochemical research, aiding in the creation of novel pesticides and herbicides. Its unique structure allows it to act as a building block in organic synthesis, facilitating the development of complex molecules with potential therapeutic or agricultural benefits.