Primarily utilized in the synthesis of pharmaceutical intermediates, this compound plays a crucial role in the development of various drugs, particularly those targeting neurological and inflammatory conditions. Its structure is often incorporated into molecules designed to interact with specific biological receptors, enhancing therapeutic efficacy. Additionally, it serves as a key building block in organic chemistry research, aiding in the creation of complex compounds for further study. Its applications extend to agrochemicals, where it contributes to the formulation of pesticides and herbicides, improving crop protection and yield.