It is widely used in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active compounds. Its structure is particularly valuable in the development of drugs targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in the creation of antifungal and antibacterial agents, enhancing the efficacy of treatments for infections. In agrochemical research, it is utilized to develop pesticides and herbicides, contributing to improved crop protection and yield. Its versatility also extends to material science, where it is incorporated into the design of advanced polymers and coatings with enhanced durability and performance.