Primarily used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its unique structure makes it valuable for developing compounds with potential therapeutic applications, particularly in the fields of neurology and oncology. Researchers utilize it to create analogs that may exhibit activity against specific biological targets, such as enzymes or receptors. Additionally, it has been explored in the development of novel drug candidates for treating conditions like anxiety, depression, and certain types of cancer. Its role in medicinal chemistry highlights its importance in advancing drug discovery and development efforts.