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 modulation of neurotransmitter systems. Its structural features make it suitable for creating compounds that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like anxiety, depression, or epilepsy. Additionally, it may be explored in research for its potential anti-inflammatory or analgesic properties, contributing to the development of novel therapeutics.