Widely used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting the central nervous system. Its structural properties make it valuable in developing antipsychotic and antidepressant medications. Additionally, it plays a role in the creation of compounds with potential anti-inflammatory and analgesic effects. Researchers also explore its utility in designing molecules for studying receptor interactions and biochemical pathways. Its versatility in medicinal chemistry underscores its importance in drug discovery and development.