Used primarily as an intermediate in pharmaceutical synthesis, this compound plays a key role in the development of active pharmaceutical ingredients (APIs), particularly in the creation of centrally acting agents. Its structure allows for easy modification of amine functionalities, making it valuable in medicinal chemistry for designing drug candidates targeting neurological and psychiatric disorders. It is also employed in the preparation of selective receptor ligands, including those targeting serotonin and dopamine receptors. Additionally, it serves as a building block in the synthesis of kinase inhibitors and other bioactive molecules in research settings.