This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex compounds. In pharmaceuticals, it serves as a building block for the development of drugs targeting various diseases, particularly those involving the central nervous system or inflammatory conditions. Its structure allows for modifications that can enhance the efficacy and specificity of the resulting therapeutic agents. In agrochemicals, it is employed in the creation of pesticides and herbicides, where its unique chemical properties contribute to the effectiveness of these products in controlling pests and weeds. Additionally, it is used in research and development for exploring new chemical entities with potential biological activity, aiding in the discovery of novel treatments and solutions in both medical and agricultural fields.