Primarily used in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the production of various drugs. Its structure is particularly valuable in the development of central nervous system (CNS) agents, including potential treatments for neurological disorders. Additionally, it is utilized in the creation of compounds that exhibit psychoactive properties, making it significant in both therapeutic and research settings. The benzodioxole moiety present in the molecule is often exploited for its ability to interact with biological targets, enhancing the efficacy of the resulting pharmaceuticals.