This compound is primarily used in the synthesis of pharmaceutical agents, particularly those targeting the central nervous system. It serves as a key intermediate in the production of certain alkaloids and related compounds, which are often explored for their potential therapeutic effects. Its structural framework is valuable in the development of drugs that interact with neurotransmitter systems, such as those involved in pain management, psychiatric disorders, and neurological conditions. Additionally, it is utilized in research settings to study receptor binding and pharmacological activity, aiding in the discovery of new medications.