This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly in the development of drugs targeting the central nervous system. It serves as a key intermediate in the production of compounds with potential antipsychotic and antidepressant properties. Additionally, it is employed in the creation of molecules that modulate neurotransmitter activity, aiding in the treatment of neurological disorders. Its role in organic synthesis also extends to the preparation of complex heterocyclic structures, which are essential in medicinal chemistry research.