Used primarily in pharmaceutical research, this compound serves as an 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 features can enhance binding affinity to specific receptors. Additionally, it is employed in the creation of potential treatments for neurological disorders, such as Alzheimer's disease and schizophrenia, due to its ability to modulate neurotransmitter activity. Its role in medicinal chemistry also extends to the design of compounds with improved pharmacokinetic properties, making it a versatile tool in drug discovery.