This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly those targeting central nervous system disorders. It serves as a key intermediate in the production of certain antidepressants and anxiolytics, contributing to the development of compounds that modulate neurotransmitter activity. Additionally, it finds application in organic synthesis, where it is used to create complex molecules for research and development in medicinal chemistry. Its structural properties make it valuable for constructing frameworks in drug discovery, enabling the exploration of new therapeutic agents.