Widely used in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients, particularly in the development of cardiovascular and central nervous system drugs. Its structure serves as a key building block in creating compounds with biological activity, including anticoagulants and selective receptor modulators. It is also employed in agrochemicals for the production of certain herbicides and fungicides due to its stability and reactivity profile. In research, it acts as a scaffold for designing new molecules in medicinal chemistry, supporting drug discovery and optimization.