Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological disorders, including those aimed at modulating neurotransmitter activity. Additionally, it finds application in the production of small molecule inhibitors that are crucial for studying biological pathways and potential therapeutic targets. Its role in medicinal chemistry is significant due to its structural properties, which allow for the creation of compounds with enhanced bioavailability and efficacy. As a specialty chemical, it is not a commodity but a niche intermediate used in advanced pharmaceutical synthesis.