This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target neurological disorders, due to its structural compatibility with bioactive molecules. Additionally, it is employed in the development of agrochemicals, particularly in creating pesticides and herbicides, where its derivatives exhibit potent biological activity. In research, it is used as a building block for constructing complex organic molecules, aiding in the study of chemical reactions and pathways. Its versatility also extends to material science, where it contributes to the development of advanced polymers and coatings with specific properties.