This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological and psychiatric disorders. Its structural properties make it a valuable building block for creating molecules that interact with specific receptors in the brain, potentially leading to the development of new therapeutic agents. Additionally, it is employed in the study of enzyme inhibition and receptor modulation, aiding in the understanding of biochemical pathways and the design of novel drugs. Its applications extend to agrochemical research, where it may be used in the development of pesticides or herbicides due to its potential to disrupt specific biological processes in pests or weeds.