Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, including Alzheimer's disease and other cognitive impairments. Additionally, it is utilized in the production of compounds that exhibit antihistamine and anti-inflammatory properties, making it valuable in the formulation of medications for allergies and autoimmune conditions. Its structural properties also make it a candidate for research in developing novel therapeutic agents with potential applications in treating psychiatric and neurodegenerative diseases.