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 neurological disorders, particularly those involving the central nervous system. Its structural properties make it valuable in creating compounds that modulate neurotransmitter activity, potentially aiding in the treatment of conditions like anxiety, depression, and chronic pain. Additionally, it is explored in research for its potential applications in designing novel therapeutic agents with improved efficacy and reduced side effects.