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 developing compounds with potential neurological applications, such as treatments for psychiatric disorders or neurodegenerative diseases. Additionally, it is explored for its role in creating novel analgesics and anti-inflammatory agents due to its unique chemical framework. Researchers also investigate its utility in designing drugs targeting specific receptors in the central nervous system, making it a versatile component in medicinal chemistry.