This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting therapeutic applications. Its structural framework is often incorporated into molecules designed for drug discovery, especially in the development of potential treatments for neurological disorders and certain types of cancers. Additionally, it is employed in the creation of agrochemicals, where it contributes to the formulation of herbicides and pesticides. Its versatility in chemical reactions makes it a valuable component in organic synthesis for producing complex molecules with specific biological activities.