Used primarily in pharmaceutical research as an intermediate in the synthesis of biologically active compounds. It serves as a key scaffold in developing neuroactive agents due to its structural similarity to known central nervous system modulators. Its derivatives have shown potential in studies related to neurodegenerative disorders and pain management. The compound's ability to interact with specific enzyme targets makes it valuable in designing enzyme inhibitors, particularly in oncology and neuropharmacology research. It is also explored for use in developing novel antidepressants and anticonvulsant drugs due to its influence on neurotransmitter pathways.