Used primarily in the pharmaceutical industry as a key intermediate for synthesizing various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of antipsychotic and neuroleptic drugs, particularly those targeting central nervous system disorders. Additionally, it is utilized in research for designing novel therapeutic agents due to its structural properties, which allow for effective binding to specific biological targets. Its applications also extend to the field of medicinal chemistry, where it aids in the discovery and optimization of drug candidates with potential therapeutic benefits.