Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of central nervous system (CNS) drugs, where it contributes to the creation of compounds targeting neurological disorders such as depression, anxiety, and schizophrenia. Additionally, it plays a role in the design of molecules with potential analgesic and anti-inflammatory properties, making it a versatile component in medicinal chemistry research. Its application extends to the study of receptor binding and modulation, aiding in the understanding of biochemical pathways and drug mechanisms.