Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of central nervous system (CNS) drugs, where it contributes to the creation of compounds targeting neurological disorders. Additionally, it is explored in the design of potential antidepressants and anxiolytics due to its ability to interact with neurotransmitter systems. Researchers also investigate its role in modulating receptor activity, making it a candidate for further studies in drug discovery and medicinal chemistry.