This chemical 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 compounds that target neurological disorders, including depression and anxiety. Its structural properties make it suitable for modifying the pharmacokinetics and pharmacodynamics of therapeutic agents, enhancing their efficacy and safety. Additionally, it is employed in the development of diagnostic agents for imaging studies related to brain function and neurotransmitter activity. Its role in medicinal chemistry underscores its importance in creating innovative treatments for complex health conditions.