This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological disorders. Its structure is often leveraged to design molecules that interact with specific receptors in the brain, making it valuable in the creation of potential treatments for conditions like Parkinson's disease or schizophrenia. Additionally, it finds application in agrochemical research, where it is used to develop novel pesticides or herbicides due to its ability to disrupt certain biological pathways in pests or weeds. Its versatility in organic synthesis also makes it a useful building block for creating complex molecules in medicinal chemistry.