This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly those targeting neurological and psychiatric disorders. It serves as a key intermediate in the production of selective serotonin reuptake inhibitors (SSRIs) and other antidepressant medications. Additionally, it is employed in the development of compounds with potential anti-cancer properties, where its structure contributes to the inhibition of specific enzymes involved in tumor growth. Its role in organic synthesis also extends to the creation of complex molecules for research purposes, aiding in the study of biochemical pathways and drug discovery.