Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of drugs targeting the central nervous system, including potential treatments for neurological disorders such as Parkinson's disease and anxiety. Additionally, it has been explored for its role in creating compounds with anti-inflammatory and analgesic properties, making it a versatile component in medicinal chemistry. Researchers also investigate its potential in designing novel inhibitors for specific enzymes, which could lead to advancements in treating conditions like cancer and autoimmune diseases.