Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting the central nervous system. Its structure allows it to act as a building block for creating molecules with potential therapeutic effects, such as antipsychotics, antidepressants, and anxiolytics. Additionally, it is utilized in the development of compounds for studying receptor interactions and neurotransmitter pathways, aiding in the discovery of new treatments for neurological and psychiatric disorders. Its versatility in chemical reactions makes it valuable for designing and optimizing drug candidates.