This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs that target central nervous system disorders, including antidepressants and anxiolytics. Its structure is valuable for creating complex molecules that interact with specific receptors in the brain, contributing to therapeutic effects. Additionally, it is used in organic chemistry research for studying reaction mechanisms and developing novel synthetic pathways. Its versatility makes it a significant compound in medicinal chemistry and drug discovery processes.