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 properties can be leveraged to enhance receptor binding and therapeutic efficacy. Additionally, it finds application in the study of serotonin and dopamine receptors, aiding in the exploration of treatments for neurological and psychiatric disorders. Its role in medicinal chemistry underscores its importance in creating compounds with potential anxiolytic, antipsychotic, or antidepressant effects.