Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of antipsychotic drugs. It plays a key role in the development of compounds targeting central nervous system disorders due to its structural similarity to bioactive molecules. Its derivative, for example, is involved in the manufacturing of risperidone, a widely prescribed medication for schizophrenia and bipolar disorder. The compound is valued in medicinal chemistry for its stability and reactivity in multi-step synthesis, enabling efficient construction of complex drug molecules.