This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, including those targeting central nervous system disorders and cardiovascular diseases. Its structural properties make it valuable for creating compounds with specific biological activities. Additionally, it is employed in organic synthesis for constructing complex molecules, often in the context of medicinal chemistry research. Its role in facilitating the development of novel therapeutic agents highlights its importance in the pharmaceutical industry.