Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure enables selective interactions with biological targets, making it valuable in the preparation of anticonvulsant and anxiolytic drugs. The compound's reactivity allows for functionalization at multiple sites, facilitating the creation of diverse derivatives for structure-activity relationship studies in medicinal chemistry. It is also employed in the preparation of high-affinity ligands for neurotransmitter receptors, supporting research in neuropharmacology.