Primarily used in the synthesis of pharmaceuticals, this compound plays a crucial role in the development of various drugs. It serves as an intermediate in the production of active pharmaceutical ingredients (APIs), particularly in the creation of medications targeting neurological and cardiovascular conditions. Additionally, it is utilized in the manufacture of agrochemicals, contributing to the formulation of pesticides and herbicides that enhance crop protection and yield. Its application extends to the field of organic chemistry, where it is employed in the synthesis of complex organic molecules for research and industrial purposes.