This chemical is primarily used in the synthesis of various organic compounds, particularly in the pharmaceutical industry. It serves as an intermediate in the production of active pharmaceutical ingredients (APIs) that target neurological and cardiovascular conditions. Its structure allows for modifications that can lead to the development of compounds with potential therapeutic effects.

In addition to pharmaceuticals, it is utilized in the creation of specialty chemicals, including fragrances and flavoring agents, due to its aromatic properties. Its versatility in chemical reactions makes it valuable for research and development in organic chemistry, enabling the exploration of new molecules with potential industrial applications.

Furthermore, it finds use in agrochemical research for the development of pesticides or herbicides, where its derivatives may exhibit biological activity against pests or weeds. Its role in these fields highlights its importance as a building block in the synthesis of complex molecules.