This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting central nervous system disorders. It serves as a key intermediate in the development of anxiolytic and antipsychotic drugs, contributing to the creation of molecules that interact with specific receptors in the brain. Additionally, it is employed in organic chemistry research for constructing complex heterocyclic structures, which are essential in drug discovery and development. Its reactivity and structural properties make it a valuable component in the design of novel therapeutic agents.