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 central nervous system. Its structure is often incorporated into molecules designed to interact with specific receptors or enzymes, enhancing therapeutic efficacy. Additionally, it is explored in research for its potential use in creating novel compounds with anti-inflammatory or analgesic properties. Its versatility in chemical reactions makes it a valuable building block in medicinal chemistry.