Used primarily as a key intermediate in the synthesis of antipsychotic pharmaceuticals, particularly in the production of risperidone and related compounds. Its structure enables the formation of active ingredients that modulate dopamine and serotonin receptors in the treatment of schizophrenia and bipolar disorder. The compound is valued in medicinal chemistry for its stability and reactivity in coupling reactions, making it suitable for large-scale drug manufacturing. It also finds use in research settings for developing new central nervous system agents.