This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. It plays a significant role in the development of drugs targeting neurological disorders, particularly those involving pain management and neurodegenerative conditions. Its structural properties make it a valuable component in the design of molecules that interact with specific receptors in the central nervous system, enhancing their efficacy and selectivity. Additionally, it is employed in research settings to study biochemical pathways and mechanisms related to neurological functions, aiding in the discovery of new treatments for complex diseases.