Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its unique structure allows it to be incorporated into compounds that are being tested for potential therapeutic applications, particularly in the field of central nervous system disorders. Additionally, it is utilized in the creation of novel agrochemicals, where it contributes to the development of new pesticides and herbicides with improved efficacy and safety profiles. The compound's reactivity and stability make it a valuable building block in organic synthesis, enabling the production of complex molecules for further study and application.