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 structure is valuable in the development of agrochemicals, including herbicides and pesticides, due to its reactivity and ability to form complex molecules. Additionally, it finds application in organic synthesis for creating heterocyclic compounds, which are essential in medicinal chemistry and material science. Its versatility makes it a crucial component in research and industrial processes for developing new chemical entities.