Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting central nervous system disorders, such as antidepressants and anxiolytics. Its structural properties allow it to act as a building block for more complex molecules, enhancing their pharmacological activity. Additionally, it finds application in agrochemical research, where it is utilized to create novel pesticides and herbicides with improved efficacy and environmental safety. The compound's stability and reactivity make it a versatile candidate for further chemical modifications in diverse research and industrial applications.