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 structural framework can influence receptor binding and activity. Additionally, it is utilized in the study of chiral compounds, aiding in the exploration of enantioselective reactions. Its application extends to the production of potential therapeutic agents for neurological disorders, such as depression and anxiety, due to its ability to interact with specific neurotransmitter systems.