This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure allows it to serve as a building block for developing compounds with potential therapeutic effects, particularly in the areas of central nervous system (CNS) disorders and cardiovascular diseases. Additionally, it is employed in organic synthesis to create complex molecules for research and development purposes, aiding in the discovery of new drugs and chemical entities. Its versatility in chemical reactions makes it valuable for constructing diverse molecular frameworks in medicinal chemistry.