This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of compounds with potential antidepressant and anxiolytic properties. Additionally, it is employed in organic synthesis to create complex molecules for research purposes, aiding in the exploration of new therapeutic pathways. Its role in the preparation of heterocyclic compounds also makes it valuable in the study of chemical reactions and material science.