This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of compounds targeting the central nervous system, where it can be used to create molecules with potential therapeutic effects for neurological disorders. Additionally, it serves as a building block in organic synthesis, enabling the creation of complex molecules through its reactive functional groups. Researchers also employ it in the study of chemical reactions and mechanisms, aiding in the development of new synthetic pathways. Its stability and versatility make it a useful component in the design and production of novel drugs and bioactive compounds.