It is primarily used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds. This chemical is particularly valuable in the development of drugs targeting the central nervous system, where it may act as a modulator for specific receptors or enzymes. Its structural features make it suitable for creating molecules with potential therapeutic effects in neurological disorders, such as Parkinson's disease or depression. Additionally, it is explored in the design of ligands for studying receptor binding mechanisms, aiding in the discovery of novel treatments. Its application is mainly confined to laboratory settings for experimental and developmental purposes.