Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs, particularly those targeting central nervous system disorders. It is also employed in the development of agrochemicals, contributing to the creation of pesticides and herbicides that enhance crop protection. Additionally, it finds application in organic chemistry research as a building block for the synthesis of complex molecules, aiding in the exploration of new chemical reactions and pathways. Its versatility makes it valuable in industrial and academic settings for advancing medicinal and agricultural innovations.