Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various drugs. It is particularly valuable in the creation of compounds targeting neurological disorders, such as antidepressants and anxiolytics. Its structural properties make it suitable for modifying and enhancing the efficacy of active pharmaceutical ingredients. Additionally, it is employed in organic synthesis to develop novel chemical entities with potential therapeutic applications. Researchers also utilize it in studying metabolic pathways and drug-receptor interactions.