Used primarily in pharmaceutical research as an intermediate in the synthesis of biologically active compounds. It serves as a building block for developing central nervous system agents, particularly those targeting neurological disorders such as anxiety, depression, and cognitive dysfunction. Its structure supports the design of modulators for neurotransmitter receptors, including GABA and serotonin receptors. Also explored in the development of prodrugs due to the presence of functional groups that can be metabolically cleaved. Limited use outside research settings due to lack of established therapeutic approval.