Primarily used in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. It plays a significant role in the development of medications targeting the central nervous system, particularly for conditions like Parkinson's disease and other neurodegenerative disorders. Its structural properties make it valuable in creating compounds that interact with neurotransmitter systems, aiding in the regulation of motor functions and cognitive processes. Additionally, it is utilized in research settings to explore new drug candidates and their mechanisms of action, contributing to advancements in neurology and pharmacology.