Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological and psychiatric disorders. Its structure allows for easy modification in creating biologically active compounds, especially those involving neurotransmitter analogs. Commonly employed in the preparation of pyrrole-containing derivatives that exhibit anti-inflammatory, anticonvulsant, or antidepressant activities. Also utilized in agrochemical research for designing novel plant growth regulators and pesticides due to its ability to mimic natural signaling molecules. Its reactivity makes it valuable in organic synthesis, especially in coupling reactions for building complex heterocyclic systems.