Used primarily in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the production of various drugs. It is particularly valuable in the development of central nervous system (CNS) agents, including antidepressants and anxiolytics, due to its structural properties that allow for effective interaction with neurological targets. Additionally, it is utilized in research settings to explore new therapeutic molecules, aiding in the advancement of medicinal chemistry. Its role in creating compounds with potential bioactivity makes it a significant component in drug discovery and development processes.