Used primarily in the synthesis of pharmaceuticals, this compound serves as an intermediate in the production of various active ingredients. Its structure allows it to participate in reactions that form complex molecules, particularly in the development of drugs targeting neurological and cardiovascular conditions. Additionally, it is employed in agrochemical research for creating pesticides and herbicides, where its properties help in enhancing the efficacy and stability of these products. In industrial applications, it is utilized in the manufacture of specialty chemicals, contributing to the development of advanced materials and coatings.