This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting neurological disorders, including anxiety and depression. Its structure allows for further functionalization, making it valuable in medicinal chemistry for creating molecules with specific biological activities. Additionally, it is employed in research settings to explore new therapeutic agents, particularly in the field of central nervous system (CNS) drug discovery. Its stability and reactivity make it a versatile building block in organic synthesis.