This compound is primarily utilized in the pharmaceutical and agrochemical industries. In pharmaceuticals, it serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs), particularly those targeting central nervous system disorders and other therapeutic areas. Its structure allows for further chemical modifications to develop compounds with specific biological activities.

In agrochemicals, it is employed in the production of pesticides and herbicides. Its derivatives are effective in controlling a wide range of pests and weeds, contributing to enhanced crop protection and yield. The compound's versatility in chemical reactions makes it a valuable building block for creating more complex molecules with desired properties.