Primarily used in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients. It plays a crucial role in the development of compounds targeting neurological disorders, such as antidepressants and antipsychotics, due to its structural properties that allow for effective binding to specific receptors in the brain. Additionally, it is utilized in research settings for the preparation of novel chemical entities with potential therapeutic applications, particularly in the field of mental health and neurological diseases. Its versatility in chemical reactions makes it valuable for creating complex molecules with specific biological activities.