This compound is primarily utilized in the synthesis of various pharmaceutical agents and organic intermediates. It serves as a key building block in the development of compounds with potential therapeutic applications, particularly in the field of central nervous system (CNS) disorders. Its structure allows for modifications that can lead to the creation of molecules with specific biological activities, such as receptor binding or enzyme inhibition. Additionally, it is employed in research settings for the preparation of complex organic molecules, aiding in the study of chemical reactions and pathways. Its versatility makes it valuable in medicinal chemistry and drug discovery processes.