This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the production of compounds that target the central nervous system, particularly in the development of drugs for neurological and psychiatric disorders. Its structural properties make it valuable for creating molecules with specific receptor-binding capabilities, which are essential for treating conditions such as depression, anxiety, and cognitive impairments. Additionally, it is employed in research settings for the design and optimization of novel therapeutic agents, contributing to advancements in medicinal chemistry.