This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a significant role in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitters. Its structural properties make it suitable for creating compounds that interact with specific receptors in the brain, aiding in the treatment of conditions such as anxiety, depression, and epilepsy. Additionally, it is employed in research settings for the study of enzyme inhibition and receptor binding mechanisms, contributing to the advancement of medicinal chemistry and drug discovery.