This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often exploited to create compounds that interact with specific receptors in the brain, making it valuable in the design of potential therapeutic agents. Additionally, it is used in the preparation of chiral compounds, aiding in the study of stereochemistry and its impact on drug efficacy and safety. Its application extends to the development of novel drug candidates with improved pharmacological properties.