Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of central nervous system (CNS) drugs, where it can act as a building block for compounds targeting neurological disorders. Additionally, it is employed in the creation of ligands for receptor studies, aiding in the understanding of biochemical pathways. Its versatility also extends to agrochemical research, where it contributes to the development of novel pesticides or herbicides.