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 compounds targeting the central nervous system, such as potential antidepressants or anxiolytics. Additionally, it has been explored in the creation of ligands for receptor studies, aiding in the understanding of neurological pathways and drug-receptor interactions. Its application extends to organic synthesis, where it acts as a building block for more complex chemical structures.