Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the creation of ligands for neurological receptors, making it valuable in research focused on pain management, psychiatric disorders, and neurodegenerative diseases. The compound’s functional groups allow for derivatization in medicinal chemistry, enabling optimization of drug candidates for improved selectivity and bioavailability. It is also employed in the preparation of analogs for structure-activity relationship (SAR) studies.