Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, due to its structural similarity to compounds that interact with specific neurotransmitter systems. Additionally, it finds application in organic synthesis, where it is employed to create complex heterocyclic compounds for further chemical exploration and drug discovery. Its role in medicinal chemistry is significant, as it contributes to the design of novel compounds with potential pharmacological activities.