Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of enzyme inhibitors and receptor antagonists, aiding in the treatment of diseases like hypertension and cancer. Additionally, it is employed in the synthesis of fine chemicals and agrochemicals, contributing to advancements in crop protection and pest management. Its role in research and development is significant, enabling the creation of novel compounds with potential therapeutic applications.