This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the production of compounds that target the central nervous system, including potential treatments for neurological disorders such as Parkinson's disease and depression. Its structural framework is also explored in the design of opioid receptor ligands, which are critical for pain management therapies. Additionally, it is investigated for its role in creating inhibitors for enzymes involved in various disease pathways, making it a valuable tool in medicinal chemistry.