This chemical is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of various pharmaceutical compounds. It plays a significant role in the development of drugs targeting neurological disorders, owing to its structural properties that allow for interaction with specific biological pathways. Additionally, it is employed in research settings for the study of enzyme inhibition mechanisms, contributing to the advancement of medicinal chemistry. Its application also extends to the synthesis of agrochemicals, where it aids in creating compounds that enhance crop protection and yield.