This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting neurological disorders, including those affecting the central nervous system. Additionally, it serves as a key building block in the production of compounds with potential analgesic and anti-inflammatory properties. Researchers also explore its use in creating novel therapeutic agents for conditions like depression and anxiety due to its potential interaction with neurotransmitter systems. Its role in medicinal chemistry underscores its importance in advancing drug discovery and development.