Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals. It is particularly valuable in the synthesis of active pharmaceutical ingredients (APIs) that target central nervous system disorders. Additionally, it finds application in the development of fine chemicals and specialty materials, where its structural properties are leveraged to create complex molecules with specific functionalities. Its role in research and development is also notable, as it aids in the study of reaction mechanisms and the exploration of new synthetic pathways.