Used primarily in the synthesis of pharmaceutical compounds, it serves as a key intermediate in the production of various drugs, particularly those targeting neurological and psychiatric disorders. Its structure allows for the development of molecules that interact with specific receptors in the brain, making it valuable in the creation of antidepressants and anxiolytics. Additionally, it is employed in organic chemistry research for the development of novel chemical entities with potential therapeutic applications. Its versatility in chemical reactions also makes it useful in the preparation of complex organic molecules for further study and development.