This compound 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 various therapeutic agents, especially those targeting neurological and psychiatric disorders. Its structural framework is valuable in designing molecules that interact with specific biological targets, such as enzymes or receptors, to modulate their activity. Additionally, it is explored in the development of drugs for cardiovascular and metabolic diseases due to its potential to enhance drug efficacy and selectivity. Researchers also investigate its use in creating novel compounds with improved pharmacokinetic properties.