Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of compounds targeting the central nervous system, where its structural properties can be leveraged to develop potential therapeutic agents. Additionally, it finds application in organic synthesis, aiding in the production of complex molecules for further chemical studies. Its role in medicinal chemistry is significant, as it contributes to the exploration of new drug candidates with potential benefits in treating neurological disorders.