Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the creation of potential drug candidates targeting neurological disorders, due to its structural compatibility with receptors in the central nervous system. Additionally, it is employed in organic synthesis for the preparation of complex heterocyclic compounds, which are often explored for their medicinal properties. Its application extends to the development of novel therapeutic agents and the study of biochemical pathways.