This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of therapeutic agents, particularly in the creation of drugs targeting neurological and psychiatric disorders. Its structural features make it valuable for designing molecules that interact with specific receptors in the brain, aiding in the treatment of conditions such as anxiety, depression, and schizophrenia. Additionally, it is employed in research settings to explore novel drug candidates and optimize pharmacological properties for improved efficacy and safety.