Used primarily in pharmaceutical research and development, it serves as a key intermediate in the synthesis of various drugs, particularly those targeting the central nervous system. Its structural properties make it valuable in creating compounds with potential therapeutic effects, such as antipsychotics and antidepressants. Additionally, it is employed in organic synthesis to produce complex molecules for medicinal chemistry studies. The compound’s stability and reactivity also make it suitable for use in laboratory-scale experiments to explore new chemical pathways and drug candidates.