Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of biologically active molecules. It is particularly valuable in the development of central nervous system (CNS) drugs, where its structural features contribute to the modulation of neurotransmitter systems. Its application extends to the study of receptor interactions, aiding in the design of potential therapeutic agents for neurological disorders. Additionally, it is utilized in organic synthesis to create complex heterocyclic compounds, which are essential in medicinal chemistry for drug discovery and development.