Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of compounds targeting neurological disorders, as it can interact with specific receptors in the brain. Additionally, it is employed in the creation of ligands for studying neurotransmitter systems, aiding in the exploration of potential treatments for conditions like depression, anxiety, and cognitive impairments. Its role in medicinal chemistry underscores its importance in advancing drug discovery and therapeutic applications.