Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various drugs. It is particularly valuable in the development of antipsychotic medications, where its structure contributes to the efficacy of the final product. Additionally, it finds application in research settings, aiding in the study of receptor interactions and the development of new therapeutic agents. Its role in creating compounds that target specific neurological pathways makes it a crucial component in advancing treatments for mental health disorders.