Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of drugs targeting the central nervous system, where it aids in the creation of compounds with potential therapeutic effects on neurological disorders. Additionally, it finds application in organic synthesis, where it acts as a building block for more complex molecules, contributing to advancements in medicinal chemistry and drug discovery. Its role in the development of novel treatments underscores its importance in the pharmaceutical industry.