Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting the central nervous system, where its structural properties enable interactions with specific receptors. Additionally, it finds application in the creation of compounds with potential analgesic or anti-inflammatory effects, making it a versatile tool in medicinal chemistry. Its role in the production of complex organic molecules also extends to studies in chemical biology and drug discovery.