Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for more complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). It is also employed in the synthesis of morpholine derivatives, which are often utilized in drug discovery and development processes. Additionally, its properties make it suitable for use in the preparation of specialty chemicals and fine chemicals, contributing to advancements in medicinal chemistry and material science.