Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. It is particularly valuable in the development of drugs targeting the central nervous system, where its structure can be modified to enhance binding affinity to specific receptors. Additionally, it finds application in the study of biochemical pathways, aiding in the discovery of new treatments for neurological disorders. Its stability and reactivity make it a versatile building block in medicinal chemistry, enabling the creation of novel compounds with potential therapeutic benefits.