This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting central nervous system disorders, including antidepressants and antipsychotics. Its structure allows for effective modification, making it valuable in medicinal chemistry for creating molecules with desired biological activity. Additionally, it is employed in organic synthesis for constructing complex heterocyclic compounds, which are often used in drug discovery and development. Its application extends to research laboratories where it is used to study reaction mechanisms and develop new synthetic pathways.