Used primarily in pharmaceutical research and development, this compound serves as an intermediate in the synthesis of various drugs. It is particularly valuable in the creation of compounds targeting neurological disorders, where its structure can be modified to enhance binding affinity to specific receptors. Additionally, it finds application in the development of anti-inflammatory and analgesic agents, contributing to the design of molecules with improved efficacy and reduced side effects. Its role in organic synthesis also extends to the production of agrochemicals, where it aids in creating compounds that protect crops from pests and diseases.