This compound is primarily utilized in the field of organic synthesis, where it serves as a crucial intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of compounds with potential therapeutic effects, such as antipsychotic and antidepressant agents. Additionally, it is employed in the synthesis of complex molecules for research purposes, aiding in the exploration of new chemical reactions and pathways. Its role in the creation of biologically active molecules makes it significant in medicinal chemistry and drug discovery processes.