Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting the central nervous system, where its structure aids in creating compounds with potential therapeutic effects. Additionally, it is employed in the study of enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry. Its role in organic synthesis also extends to the preparation of complex heterocyclic compounds, which are essential in drug discovery and development processes.