This compound is primarily utilized in the research and development of pharmaceuticals, particularly in the synthesis of complex organic molecules. It serves as a key intermediate in the creation of various therapeutic agents, including those targeting neurological and psychiatric disorders. Its structural properties make it valuable for constructing compounds with specific biological activities, often explored in drug discovery programs. Additionally, it is employed in chemical studies to investigate reaction mechanisms and develop novel synthetic pathways. Its applications are largely confined to laboratory settings, where it contributes to advancements in medicinal chemistry and organic synthesis.