This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds with potential therapeutic effects, such as analgesics, antidepressants, or antihistamines. Its structural properties make it valuable for modifying drug molecules to enhance efficacy, stability, or bioavailability. Additionally, it may be employed in the study of neurotransmitter systems, aiding in the understanding of neurological disorders and the development of targeted treatments. In industrial settings, it can also be used in the preparation of specialty chemicals or fine chemicals for further applications.