Primarily utilized in research and development, this compound serves as a key intermediate in the synthesis of various pharmaceuticals. Its role is particularly significant in the production of compounds that target neurological disorders, owing to its structural similarity to molecules that interact with the central nervous system. Additionally, it is employed in the study of biochemical pathways and mechanisms related to neurodegeneration, providing insights into diseases like Parkinson's. Its application extends to the development of novel therapeutic agents, where it acts as a building block for more complex molecules designed to modulate neurotransmitter activity.