This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of certain drugs, including those with central nervous system activity. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of pesticides and herbicides. Its role in organic synthesis also extends to the preparation of complex molecules for research and development purposes. The compound's structure allows for versatile chemical reactions, making it valuable in the creation of diverse chemical entities.