Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the creation of compounds targeting neurological disorders, where its structure can be modified to enhance drug efficacy and selectivity. Additionally, it finds application in the production of fine chemicals and agrochemicals, contributing to the development of new pesticides and herbicides. Its versatile nature allows for its use in organic synthesis, aiding in the construction of complex molecular frameworks.