This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds targeting neurological and psychiatric disorders, such as schizophrenia and depression. Its structural features make it valuable for designing molecules that interact with specific receptors in the brain, enhancing therapeutic efficacy. Additionally, it is employed in the development of drugs for pain management and inflammation, owing to its potential to modulate biological pathways effectively. Researchers also explore its use in creating novel treatments for neurodegenerative diseases, leveraging its ability to cross the blood-brain barrier. Its versatility and reactivity make it a crucial component in medicinal chemistry and drug discovery processes.