Used primarily in the pharmaceutical industry, this compound serves as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting the central nervous system, where its structural properties contribute to the modulation of neurotransmitter activity. Additionally, it is employed in research and development for creating novel therapeutic agents, especially those addressing neurological disorders. Its role in organic synthesis also extends to the production of complex molecules with potential applications in medicinal chemistry.