Used in the synthesis of various pharmaceutical compounds, particularly as an intermediate in the development of drugs targeting neurological disorders and cancer. It plays a role in creating molecules with potential antipsychotic, antidepressant, and antitumor properties. Its structure is valuable in medicinal chemistry for designing compounds that interact with specific biological targets, such as receptors or enzymes. Additionally, it is utilized in research for developing novel therapeutic agents due to its reactivity and ability to form complex organic molecules.