Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting neurological disorders due to its ability to modulate specific biochemical pathways. Additionally, it finds application in the synthesis of agrochemicals, where it contributes to the creation of herbicides and pesticides. Its unique chemical structure also makes it a candidate for research in material science, particularly in the development of novel polymers and coatings with specialized properties.