Used primarily in pharmaceutical research, this compound is a key intermediate in the synthesis of various biologically active molecules. It plays a significant role in the development of potential therapeutic agents, particularly in the study of central nervous system disorders. Its structural properties make it valuable for creating compounds that target specific receptors in the brain, aiding in the treatment of conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it is utilized in organic synthesis to produce derivatives with potential anti-inflammatory and analgesic properties. Its application extends to the field of medicinal chemistry, where it is explored for its efficacy in drug design and development.