This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds that target neurological disorders, such as depression and anxiety. Its structure allows it to interact with specific receptors in the brain, making it valuable for designing drugs that modulate neurotransmitter activity. Additionally, it is used in preclinical studies to explore its potential efficacy and safety in treating various mental health conditions. Researchers also employ it in the development of novel therapeutic agents due to its ability to enhance the bioavailability and stability of drug formulations.