This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds targeting neurological and psychiatric disorders, such as antidepressants and anxiolytics. Its structure is valuable in designing molecules that interact with specific receptors in the central nervous system, enhancing therapeutic efficacy. Additionally, it is employed in the development of novel drugs for pain management and neurodegenerative diseases, contributing to advancements in medicinal chemistry.