This compound is primarily utilized in pharmaceutical research as a key intermediate in the synthesis of various bioactive molecules. It is particularly significant in the development of compounds targeting the central nervous system, where its structure can be modified to enhance binding affinity to specific receptors. Additionally, it serves as a building block in the creation of potential therapeutic agents for conditions such as depression, anxiety, and other neurological disorders. Its chlorophenyl group contributes to its ability to interact with biological targets, making it valuable in medicinal chemistry for drug discovery and optimization.