This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting central nervous system disorders, including antidepressants and anxiolytics. Its structural properties make it a valuable building block for designing molecules with specific pharmacological activities. Additionally, it is employed in research settings for studying receptor interactions and optimizing drug efficacy. The compound’s stability and reactivity also make it suitable for use in organic synthesis and medicinal chemistry projects.