This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a crucial role in the development of medications targeting central nervous system disorders, including anxiety and depression. Its structure allows it to interact with specific neurotransmitter receptors, making it valuable for creating compounds that modulate brain activity. Additionally, it is used in research settings to study receptor binding mechanisms and to develop novel therapeutic agents with improved efficacy and reduced side effects. Its application is also explored in the design of drugs for treating chronic pain and other neurological conditions.