This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the development of drugs targeting central nervous system disorders, including antipsychotic and antidepressant medications. Its structure is particularly valuable in creating compounds that interact with specific neurotransmitter receptors, enhancing therapeutic efficacy. Additionally, it is employed in research settings for the design and optimization of novel drug candidates, contributing to advancements in medicinal chemistry.