This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting central nervous system disorders. It serves as a key intermediate in creating molecules that exhibit potential therapeutic effects for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it is employed in organic chemistry research to develop novel compounds with specific biological activities, contributing to advancements in medicinal chemistry and drug discovery. Its structural properties make it a valuable building block for designing and optimizing drug candidates with improved efficacy and safety profiles.