Used primarily in the field of organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure makes it valuable for creating molecules with potential therapeutic effects, particularly in the development of drugs targeting the central nervous system. Additionally, it finds application in research settings where it is utilized to study biochemical pathways and receptor interactions, aiding in the discovery of new medicinal compounds. Its role in chemical synthesis often involves modifications to enhance drug efficacy and specificity.