This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting specific receptors or enzymes, particularly in the treatment of central nervous system disorders. Its structural features make it valuable for creating molecules with potential therapeutic effects, such as antipsychotic or antidepressant properties. Additionally, it is used in research settings to study biochemical pathways and drug interactions, aiding in the discovery of new treatments for complex diseases.