This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly as an intermediate in the production of active pharmaceutical ingredients (APIs). Its structure is valuable in the development of drugs targeting neurological and psychiatric disorders, as it can be incorporated into molecules that interact with specific receptors in the brain. Additionally, it serves as a building block in organic chemistry for creating complex molecules with potential therapeutic applications. Its stability and reactivity make it a useful component in medicinal chemistry research and drug discovery processes.