This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. It is often employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of compounds with potential therapeutic effects. Its structural features make it valuable in the design of drugs targeting the central nervous system, as it can interact with various receptors and enzymes. Additionally, it is used in research settings to explore new chemical reactions and pathways, contributing to advancements in medicinal chemistry and drug discovery.