This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly in the development of central nervous system (CNS) drugs. It serves as a key intermediate in the production of compounds that target neurological disorders, such as anxiety, depression, and schizophrenia. Additionally, it is employed in the creation of analgesics and anti-inflammatory medications due to its structural properties, which allow for effective interaction with biological targets. Its versatility in organic synthesis also makes it valuable in research for designing novel therapeutic molecules with improved efficacy and reduced side effects.