This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, including those targeting central nervous system disorders and cardiovascular diseases. Its structure allows for further functionalization, making it valuable in creating complex molecules with specific therapeutic effects. Additionally, it is employed in organic synthesis for the preparation of fine chemicals and agrochemicals, contributing to the development of pesticides and herbicides. Its role in research and development is significant, aiding in the discovery of novel compounds with potential medicinal or industrial applications.