Used primarily as an intermediate in organic synthesis, this compound plays a key role in the development of pharmaceuticals, particularly in the creation of biologically active molecules that target central nervous system disorders. Its structure allows for easy modification, making it valuable in building more complex amine-containing compounds. It is often employed in the preparation of kinase inhibitors and receptor modulators due to its ability to form stable bonds with biological targets. Additionally, it serves as a building block in the synthesis of specialty chemicals, including potential drug candidates in medicinal chemistry research.