Used primarily in the pharmaceutical industry, this compound serves as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the production of certain antidepressants and central nervous system (CNS) drugs, contributing to the modulation of neurotransmitter activity. Additionally, it is utilized in research settings for the development of novel therapeutic agents targeting neurological disorders. Its stability and reactivity make it a valuable component in organic synthesis, particularly in the creation of complex molecules with specific pharmacological properties.