This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting central nervous system disorders. It serves as a key intermediate in the production of certain antidepressants and anxiolytics, contributing to the development of drugs that help manage mental health conditions.

Additionally, it is employed in research settings for the study of receptor interactions and neurotransmitter pathways. Its structural properties make it valuable in designing molecules that can modulate specific biological targets, aiding in the discovery of new therapeutic agents.

In industrial applications, it is sometimes used in the preparation of specialty chemicals, including dyes and pigments, where its unique aromatic structure imparts specific color properties. Its role in these processes highlights its versatility in both pharmaceutical and chemical manufacturing industries.