Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting central nervous system disorders. It is also employed in the synthesis of dyes and pigments, contributing to vibrant and stable colors in textiles and industrial applications. Additionally, it plays a role in the development of agrochemicals, aiding in the creation of pesticides and herbicides that enhance crop protection. Its versatile structure makes it valuable in research for developing novel chemical entities with potential therapeutic or industrial uses.