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 crucial role in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structural features make it valuable for creating compounds with potential therapeutic effects in conditions like depression, anxiety, and other central nervous system-related ailments. Additionally, it is employed in research settings for studying receptor interactions and developing novel therapeutic agents with improved efficacy and safety profiles.