Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of drugs targeting central nervous system disorders. It is also employed in the production of agrochemicals, where it serves as a building block for creating pesticides and herbicides. Additionally, this compound finds application in organic synthesis for the preparation of complex heterocyclic molecules, which are essential in medicinal chemistry and material science. Its versatile structure makes it valuable in research and industrial processes for developing novel bioactive compounds.