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 neurological disorders, where its structure aids in the creation of compounds that interact with specific receptors in the brain. Additionally, it plays a role in the production of small molecule inhibitors, which are essential in studying cellular pathways and potential therapeutic interventions. Its oxalate salt form enhances stability and solubility, making it suitable for experimental and formulation purposes in drug discovery.