This chemical is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of compounds targeting neurological and psychiatric disorders, where its structural properties enable the development of molecules with specific receptor-binding capabilities. Additionally, it finds application in organic synthesis for constructing complex molecules, often serving as a building block in the preparation of more advanced chemical entities. Its role in medicinal chemistry is significant, contributing to the discovery and optimization of therapeutic agents.