This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the development of drugs targeting the central nervous system, particularly in the creation of compounds with potential antipsychotic or analgesic properties. Its structural features make it a valuable building block for designing molecules that interact with specific receptors in the brain. Additionally, it is explored in research for its potential use in developing treatments for neurological disorders, such as Parkinson's disease or schizophrenia, due to its ability to modulate neurotransmitter activity. Its application extends to medicinal chemistry, where it is used to optimize drug candidates for improved efficacy and safety profiles.