This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific diseases, particularly those involving the central nervous system. Its structural properties make it suitable for creating compounds with potential therapeutic effects, such as anti-inflammatory or analgesic agents. Researchers also explore its use in designing molecules for treating microbial infections due to its ability to interact with biological targets effectively. Additionally, it is employed in organic chemistry research for studying reaction mechanisms and developing novel synthetic pathways.