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 development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Additionally, it is employed in research settings for the preparation of novel compounds with potential therapeutic applications, especially in the fields of antidepressants and anxiolytics. Its structural features make it a valuable building block in medicinal chemistry for designing molecules with specific biological activities.