This chemical is primarily utilized in the pharmaceutical industry as a key 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 treatments for depression, anxiety, and other neurological conditions. Additionally, it is employed in the research and development of novel therapeutic agents, particularly in the design of small molecules that interact with specific receptors or enzymes in the body. Its structural properties make it valuable for creating compounds with improved efficacy and selectivity in drug discovery programs.