This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of compounds targeting neurological and psychiatric disorders, particularly those involving the modulation of neurotransmitter systems. Additionally, it is employed in organic synthesis to create complex molecules with potential therapeutic applications, such as analgesics or anti-inflammatory agents. Its structural properties make it valuable in research for designing and optimizing drug candidates with improved efficacy and safety profiles.