Used as an intermediate in pharmaceutical synthesis, particularly in the development of active pharmaceutical ingredients (APIs) with central nervous system activity. It serves as a building block in the production of certain antipsychotic and antidepressant compounds due to its structural compatibility with bioactive molecules. Its solubility and stability properties make it suitable for use in multi-step organic reactions, including coupling and acylation processes. Also utilized in research settings for the design of novel heterocyclic compounds with potential therapeutic applications.