This chemical is primarily used in the synthesis of various pharmaceutical compounds, particularly in the development of drugs that target the central nervous system. It serves as a key intermediate in the production of antidepressants and antipsychotic medications due to its ability to influence neurotransmitter activity. Additionally, it is utilized in organic synthesis to create complex molecules for research and industrial applications. Its properties make it valuable in the preparation of ligands for catalysis, aiding in the development of efficient chemical processes. In some cases, it is also employed in the production of dyes and pigments, contributing to the coloration of materials in the textile and printing industries.