Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the design of drugs targeting the central nervous system, such as antipsychotic and anticholinergic agents. Its structural features allow for modifications that enhance binding affinity to specific receptors, making it a versatile building block in medicinal chemistry. Additionally, it is explored in the development of potential treatments for neurodegenerative diseases and other neurological disorders.