Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs) for central nervous system (CNS) agents and antipsychotic drugs. Its structure enables modification for selective receptor binding, making it valuable in medicinal chemistry for drug discovery. Also employed in the preparation of sulfonamide-based bioactive molecules due to its stability and reactivity in coupling reactions. Commonly utilized in research laboratories for generating compound libraries in high-throughput screening.