This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of compounds targeting neurological disorders, particularly those involving the central nervous system. Its structural properties make it suitable for creating molecules that interact with specific receptors or enzymes in the brain, potentially leading to treatments for conditions like depression, anxiety, or neurodegenerative diseases. Additionally, it may be explored in research for its potential antimicrobial or anti-inflammatory properties, contributing to the development of novel therapeutic agents. Its versatility in organic synthesis also allows for its use in creating complex molecules for further pharmacological studies.