Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the creation of compounds targeting central nervous system disorders, such as antidepressants and anxiolytics. Additionally, it is utilized in the development of molecules with potential antihistamine or anti-inflammatory properties. Its role in organic synthesis also extends to the production of fine chemicals and specialty materials, where its functional groups enable further chemical modifications.