Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various therapeutic compounds. Its structure is valuable in developing drugs targeting neurological disorders, particularly those related to dopamine and serotonin pathways. Additionally, it finds application in the study of receptor-binding activities, aiding in the design of molecules with potential antidepressant or antipsychotic effects. In organic chemistry, it is employed in the preparation of complex heterocyclic compounds, contributing to advancements in medicinal chemistry and drug discovery.