This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting central nervous system disorders, including antipsychotic and antidepressant medications. Its structural features make it valuable for designing molecules that interact with specific receptors in the brain, enhancing therapeutic efficacy. Additionally, it is explored in research for potential applications in treating neurodegenerative diseases and pain management. Its versatility in chemical reactions allows for modifications to improve drug potency, selectivity, and bioavailability.