Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of compounds targeting central nervous system disorders, including potential treatments for depression, anxiety, and neurodegenerative diseases. Additionally, it is employed in the development of ligands for receptor studies, aiding in the understanding of biochemical pathways and drug-receptor interactions. Its application extends to organic synthesis, where it is utilized to construct complex heterocyclic frameworks, essential in medicinal chemistry.