Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly in the development of drugs targeting neurological disorders. Its structure is valuable in creating molecules with potential antipsychotic and antidepressant properties. Additionally, it is employed in research settings to study enzyme inhibition and receptor binding mechanisms, aiding in the discovery of new therapeutic agents. Its application extends to the synthesis of agrochemicals, where it contributes to the development of compounds with herbicidal or pesticidal activity.