This compound is commonly used in chemical and pharmacological research to study biological properties and pharmacological effects. It may also be used in the synthesis of other important pharmaceutical compounds, particularly those acting on the central nervous system. It is sometimes employed as a starting material in the production of psychoactive drugs or medications for neurological disorders. However, its use must be strictly controlled due to potential side effects or risks if used improperly. As a niche intermediate in organic synthesis, it qualifies as a specialty chemical.