This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting neurological disorders, including epilepsy and anxiety, due to its ability to interact with specific receptors in the brain. Additionally, it plays a role in the production of anti-inflammatory and analgesic medications, contributing to the modulation of pain and inflammation pathways. Its versatility in chemical reactions also makes it a useful building block in organic synthesis, aiding in the creation of complex molecules for further research and drug development.