Used primarily in the synthesis of pharmaceuticals and organic compounds, it serves as a key intermediate in the production of various drugs, particularly those targeting neurological and psychiatric disorders. Its structure is valuable in creating ligands for receptors in the central nervous system, aiding in the development of treatments for conditions like depression and anxiety. Additionally, it is employed in the manufacture of dyes and pigments, contributing to the coloration of textiles and materials. Its role in organic synthesis also extends to the creation of complex molecules for research and industrial applications.