Used primarily in the synthesis of pharmaceutical compounds, it serves as a key intermediate in the production of various drugs, particularly those targeting central nervous system disorders. Its role in the development of antiviral and anticancer agents is also notable, as it contributes to the structural framework of these medications. Additionally, it is utilized in research settings for the study of biochemical pathways and enzyme interactions, aiding in the discovery of new therapeutic targets. In agrochemical applications, it is employed in the creation of pesticides and herbicides, enhancing their efficacy and specificity.