This chemical 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 compounds targeting neurological and psychiatric disorders, often serving as a building block for drugs that interact with neurotransmitter systems. Additionally, its structure is valuable in the design of molecules with potential therapeutic effects, particularly in the treatment of conditions like anxiety, depression, and schizophrenia. Its incorporation into drug formulations enhances bioavailability and efficacy, making it a key component in modern medicinal chemistry.