This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting neurological and psychiatric disorders, such as antidepressants and antipsychotics. Additionally, it serves as a building block in the production of compounds with potential anti-inflammatory and anticancer properties. Its unique chemical framework allows for further functionalization, enabling researchers to explore a wide range of therapeutic applications.