Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of compounds targeting neurological disorders, including antidepressants and antipsychotics, due to its structural properties that interact with neurotransmitter systems. Additionally, it finds application in the development of receptor-specific drugs, aiding in the study of receptor-ligand interactions and drug efficacy. Its role in medicinal chemistry is crucial for designing molecules with improved therapeutic profiles and reduced side effects.