Primarily utilized in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the creation of drugs targeting neurological and cardiovascular diseases. Additionally, it finds application in the development of agrochemicals, where it contributes to the formulation of herbicides and pesticides, enhancing their efficacy and specificity. In material science, it is explored for its potential in creating advanced polymers and coatings, offering improved durability and performance. Its versatility also extends to organic synthesis, where it acts as a building block for complex molecules, aiding in the discovery of novel compounds with diverse applications.