This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the production of various pharmaceutical compounds. Its structure allows it to participate in reactions that form complex molecules, particularly in the development of drugs targeting neurological disorders and pain management. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides that enhance crop protection. Its stability and reactivity make it a valuable component in research laboratories for exploring new chemical pathways and developing innovative therapeutic agents.