Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of central nervous system (CNS) drugs, where its structural properties contribute to the modulation of neurotransmitter activity. Additionally, it finds application in the production of compounds with potential antidepressant or anxiolytic effects. Its role in medicinal chemistry is significant due to its ability to enhance the bioavailability and stability of target molecules.