Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antipsychotic and anti-inflammatory agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in research settings to prepare bioactive molecules and drug candidates targeting central nervous system disorders. Also utilized in agrochemical research for the design of novel pesticides due to its favorable reactivity and stability in multi-step reactions.