This chemical is primarily utilized in the synthesis of organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various drugs, including those targeting neurological and psychiatric conditions. Its structure allows it to act as a building block for creating molecules with specific biological activities. Additionally, it is employed in research and development for designing and testing new therapeutic agents, contributing to advancements in medicinal chemistry. Its role in facilitating chemical reactions makes it valuable in the creation of complex organic molecules.