Used primarily as a key intermediate in the synthesis of antipsychotic medications, particularly in the production of risperidone and related compounds. It plays an essential role in forming the core structure of these drugs, which are prescribed for the treatment of schizophrenia, bipolar disorder, and other psychiatric conditions. Its reactivity and stability make it suitable for coupling reactions in pharmaceutical manufacturing. The compound is also explored in research settings for developing new central nervous system agents due to its favorable pharmacokinetic properties and ability to cross the blood-brain barrier.