This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target neurological and cardiovascular conditions. Its structural properties make it suitable for creating complex molecules that exhibit therapeutic effects. Additionally, it is employed in the development of agrochemicals, particularly in formulating pesticides and herbicides, due to its ability to enhance the efficacy and stability of these products. In the field of organic chemistry, it is often used as a building block for constructing more intricate chemical structures, aiding in research and development activities. Its versatility also extends to the cosmetic industry, where it is incorporated into formulations to improve the texture and performance of skincare products.