Primarily utilized in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is often leveraged in the development of potential therapeutic agents, particularly in the field of central nervous system disorders. Researchers explore its utility in creating molecules that may interact with neurotransmitter systems, offering pathways for new treatments for conditions like anxiety or depression. Additionally, it finds application in organic chemistry as a building block for more complex chemical entities, aiding in the study of reaction mechanisms and molecular interactions.