Used primarily in the synthesis of pharmaceuticals, this compound plays a crucial role in the development of various drugs. Its structure is particularly valuable in creating active pharmaceutical ingredients (APIs) that target neurological disorders. Additionally, it serves as an intermediate in the production of compounds with potential anti-inflammatory and analgesic properties. In research, it is employed to study reaction mechanisms and develop new synthetic pathways for complex organic molecules. Its versatility makes it a significant component in medicinal chemistry and drug discovery processes.