This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological and psychiatric disorders, particularly those involving the modulation of neurotransmitter systems. Its structural features make it a valuable building block for creating compounds with specific biological activities, such as receptor agonists or antagonists. Additionally, it is employed in the preparation of complex molecules during medicinal chemistry research, aiding in the discovery and optimization of new therapeutic agents. Its stability and reactivity under controlled conditions make it suitable for use in multi-step synthetic processes.