This compound 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 disorders, particularly those involving the modulation of neurotransmitter systems. Its structural features make it a valuable building block for creating molecules with potential therapeutic effects on conditions such as anxiety, depression, and cognitive impairments. Additionally, it is employed in research settings to study the biochemical pathways and mechanisms of action of new drug candidates, aiding in the discovery of novel treatments.