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 central nervous system disorders, particularly as a building block for compounds with potential antidepressant or anxiolytic properties. Its structural features make it valuable for creating molecules that interact with specific neurotransmitter systems, such as serotonin or dopamine receptors. Additionally, it is employed in research settings for the design and optimization of novel therapeutic agents, contributing to advancements in medicinal chemistry and drug discovery.