This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its structural properties make it suitable for the development of drugs targeting the central nervous system, particularly in the creation of antipsychotic and antidepressant medications. Additionally, it serves as a building block in the production of compounds with potential analgesic and anti-inflammatory properties. In research settings, it is often employed in the study of receptor interactions and the development of novel bioactive molecules. Its versatility also extends to the field of organic synthesis, where it is used to create complex molecules for further chemical exploration.