Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological disorders, such as antidepressants and anxiolytics, due to its structural properties that interact with neurotransmitter systems. Additionally, it is employed in the study of receptor binding mechanisms, aiding in the design of more selective and effective therapeutic agents. Its role in medicinal chemistry highlights its importance in advancing treatments for complex mental health conditions.