Primarily used in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a role in the development of compounds with potential therapeutic effects, particularly in the creation of drugs targeting the central nervous system. Additionally, it is utilized in organic chemistry research for the development of novel chemical entities and as a building block in the synthesis of complex molecules. Its unique structure allows for modifications that can lead to the discovery of new drugs or materials with specific biological or chemical properties.