This compound is primarily utilized in pharmaceutical research and development as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of compounds targeting the central nervous system, where its structural properties can influence receptor binding and pharmacokinetics. Additionally, it may be employed in the development of drugs for cardiovascular or metabolic disorders, leveraging its potential to modulate biological pathways. Its use in organic synthesis also extends to the preparation of complex molecules for medicinal chemistry studies, aiding in the exploration of new therapeutic agents.