Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the creation of compounds targeting central nervous system disorders, including antipsychotic and antidepressant drugs. Its structural features make it suitable for modifying drug candidates to enhance their efficacy, selectivity, and pharmacokinetic properties. Additionally, it is employed in the development of novel therapeutic agents for treating conditions like schizophrenia, anxiety, and depression. Its role in medicinal chemistry underscores its importance in advancing drug discovery efforts.