This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of compounds with potential therapeutic effects, particularly in the creation of drugs targeting neurological and psychiatric disorders. Its structure allows it to be a building block for molecules that interact with neurotransmitter systems, making it valuable in the design of antidepressants, anxiolytics, and antipsychotic medications. Additionally, it is used in research settings to explore new drug candidates and study their mechanisms of action. Its versatility in organic synthesis also makes it a useful component in the preparation of complex chemical structures for further pharmacological evaluation.