Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of pharmaceuticals and agrochemicals. It plays a crucial role in the development of active ingredients for medications, particularly those targeting neurological and cardiovascular conditions. Additionally, it is employed in the creation of pesticides and herbicides, enhancing their efficacy and stability. Its unique structure allows for modifications that improve the bioavailability and selectivity of various therapeutic agents. Researchers also utilize it in the study of chemical reactions and mechanisms, contributing to advancements in synthetic chemistry.