Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is valuable in developing molecules with potential therapeutic effects, particularly in the field of neurology and psychiatry. It is also explored for its role in creating ligands that target specific receptors in the brain, aiding in the study of neurological disorders. Additionally, it finds application in organic synthesis for constructing complex heterocyclic frameworks, which are crucial in drug discovery and development.