Widely used in pharmaceutical synthesis, this compound acts as a key intermediate in the production of various drugs, particularly those targeting the central nervous system. It plays a crucial role in the development of antihistamines and anticholinergic agents, which are essential for treating allergies and gastrointestinal disorders. Additionally, it is utilized in research settings to study neurotransmitter pathways and receptor interactions, aiding in the discovery of new therapeutic agents. Its stability and reactivity make it a valuable component in organic synthesis and medicinal chemistry.