This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting neurological and psychiatric disorders. It serves as a key intermediate in the production of certain antidepressants and anxiolytics, aiding in the modulation of neurotransmitter activity in the brain. Additionally, it is employed in research settings to develop novel therapeutic compounds, focusing on its potential to interact with specific receptors in the central nervous system. Its role in organic synthesis also extends to the creation of complex molecules used in medicinal chemistry studies.