This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure, featuring an isoindole moiety and an ethanol side chain, makes it a valuable building block for developing compounds with potential therapeutic effects. It is often employed in the creation of drugs targeting neurological disorders, such as anxiety, depression, and other central nervous system conditions, due to its ability to interact with specific receptors in the brain. Additionally, it may be used in research to explore novel treatments for cardiovascular diseases, leveraging its unique chemical properties to modulate biological pathways. Its role in organic synthesis also extends to the development of agrochemicals, where it can contribute to the design of new pesticides or herbicides with improved efficacy and safety profiles.