This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various therapeutic agents, including those targeting central nervous system disorders. Its structural properties make it valuable for designing molecules with specific receptor-binding capabilities, which is crucial for developing drugs with enhanced efficacy and reduced side effects. Additionally, it is employed in organic synthesis to create complex chemical structures for further pharmacological evaluation. Its application extends to the study of biochemical pathways, aiding in the understanding of disease mechanisms and the discovery of novel treatments.