Used primarily in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structural properties make it valuable in the development of compounds targeting the central nervous system, particularly in the creation of potential treatments for neurological disorders. Additionally, it serves as a building block in organic synthesis, aiding in the production of complex molecules for research and drug discovery. Its application extends to the development of novel therapeutic agents due to its ability to modify biological activity and enhance pharmacokinetic properties.