Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in creating molecules that interact with serotonin and dopamine receptors, aiding in the treatment of conditions like depression and Parkinson's disease. Additionally, it is employed in organic chemistry research for constructing complex heterocyclic structures, which are valuable in medicinal chemistry and drug discovery. Its applications also extend to the production of agrochemicals, where it contributes to the development of pesticides and herbicides.