This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structural features make it valuable in creating compounds with potential therapeutic effects for conditions such as depression, anxiety, and other central nervous system-related ailments. Additionally, it is employed in research settings to study receptor interactions and develop novel pharmacological agents with improved efficacy and safety profiles.