Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active compounds. It plays a crucial role in the development of drugs targeting central nervous system disorders, including potential treatments for anxiety and depression. Additionally, it is utilized in the creation of agrochemicals, contributing to the formulation of herbicides and pesticides that protect crops from pests and diseases. Its structural properties make it valuable in organic synthesis, enabling the production of complex molecules for research and industrial applications.