This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting the central nervous system, particularly those designed to treat anxiety, insomnia, and related disorders. Its structural features make it a valuable building block for creating molecules that interact with GABA receptors, which are key targets for modulating neuronal activity. Additionally, its stability and reactivity make it suitable for use in complex organic synthesis processes, enabling the production of high-purity compounds for further research and drug development.