This chemical is primarily utilized in the synthesis of various pharmaceutical compounds due to its versatile structure. It serves as a key intermediate in the production of drugs targeting neurological and cardiovascular diseases. Additionally, it is employed in the development of agrochemicals, particularly in the formulation of pesticides and herbicides, where it enhances efficacy and stability. In the field of organic chemistry, it is used as a building block for creating complex molecules, aiding in research and development of new materials. Its application also extends to the fragrance industry, where it contributes to the synthesis of unique aromatic compounds.