This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the production of drugs targeting neurological and psychiatric disorders, particularly those involving serotonin regulation. Its structure, featuring a fluorophenyl group, makes it valuable for developing compounds with enhanced binding affinity and selectivity toward specific receptors. Additionally, it is employed in research settings for studying the biochemical pathways and mechanisms of action of potential therapeutic agents. Its use is also seen in the development of prodrugs, where it aids in improving the bioavailability and stability of active drug molecules.