Used primarily 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 central nervous system disorders, including potential treatments for neurodegenerative diseases. Additionally, it is employed in the development of agrochemicals, where it contributes to the production of pesticides and herbicides with improved efficacy and selectivity. The compound's unique chemical properties also make it useful in organic synthesis, enabling the creation of complex molecules for further study and application in medicinal chemistry.