This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting central nervous system disorders, such as depression and anxiety, due to its structural compatibility with neurotransmitter systems. Additionally, it is employed in the creation of ligands for receptor studies, aiding in the understanding of biochemical pathways and drug mechanisms. Its role in medicinal chemistry is significant for designing compounds with improved efficacy and selectivity.