This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as an intermediate in the production of active pharmaceutical ingredients (APIs), particularly in the development of drugs targeting neurological disorders. Its structure allows for modifications that can enhance the efficacy and selectivity of therapeutic agents. Additionally, it is employed in organic chemistry research for the development of novel chemical entities with potential biological activities. The compound's reactivity and functional groups make it a valuable building block in medicinal chemistry, aiding in the creation of molecules with improved pharmacokinetic properties.