Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antidepressants and antihistamines. Its structure allows for further chemical modifications, making it valuable in creating active pharmaceutical ingredients. It is also employed in the development of agrochemicals, contributing to the creation of herbicides and plant growth regulators. Due to the presence of functional groups like hydroxyl and nitrile, it participates in various organic transformations, supporting research in medicinal chemistry and process development.