Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of compounds targeting neurological and psychiatric disorders, such as antidepressants and anxiolytics. Its structural properties make it suitable for modifications to enhance drug efficacy and selectivity. Additionally, it finds application in organic synthesis for the preparation of complex molecules, aiding in the exploration of new therapeutic agents. Its use is also noted in the development of dyes and pigments, contributing to advancements in material science.