This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various drugs. It plays a crucial role in the development of medications targeting neurological disorders, particularly those involving the central nervous system. Additionally, it is employed in the production of compounds with potential anti-inflammatory and analgesic properties. In the field of organic chemistry, it serves as a building block for the creation of complex molecules, contributing to research and development of new therapeutic agents. Its application extends to the synthesis of heterocyclic compounds, which are essential in the design of bioactive molecules.