This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly significant in the development of drugs targeting the central nervous system (CNS), where it may contribute to the modulation of neurotransmitter activity. Its structural features make it valuable for creating compounds with potential therapeutic effects in conditions such as anxiety, depression, or other neurological disorders. Additionally, it may be employed in research settings to study receptor interactions and develop novel pharmacological agents. Its use is often tailored to specific drug development pipelines, ensuring precise application in creating effective and targeted medications.