This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the production of gastrointestinal drugs, particularly those targeting motility disorders. Its structural properties make it a valuable building block for developing compounds that interact with specific receptors in the digestive system, aiding in the regulation of gastrointestinal functions. Additionally, it is employed in research and development for creating novel therapeutic agents due to its versatile chemical reactivity and ability to form stable derivatives.