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 neurological disorders, particularly those related to neurotransmitter regulation. Its structural properties make it suitable for incorporation into molecules designed to interact with specific receptors in the brain, aiding in the treatment of conditions such as anxiety, depression, and cognitive impairments. Additionally, it is explored in research for its potential use in creating novel therapeutic agents with improved efficacy and reduced side effects.