This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting the central nervous system. It serves as a key intermediate in the development of drugs that interact with neurotransmitter systems, such as antipsychotics and antidepressants. Additionally, it is employed in the creation of compounds with potential applications in treating cognitive disorders and mood-related conditions. Its structural properties make it valuable for modifying the pharmacokinetics and pharmacodynamics of active pharmaceutical ingredients, enhancing their efficacy and specificity.