Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting the central nervous system, where its structure can be modified to enhance therapeutic effects. Additionally, it finds application in agrochemical research for creating novel pesticides and herbicides, leveraging its chemical properties to improve efficacy and safety. Its role in organic synthesis also extends to the production of fine chemicals and specialty materials, where it contributes to the development of advanced polymers and coatings.