Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of compounds targeting the central nervous system, where it aids in the study of receptor interactions and neurotransmitter regulation. Additionally, it finds application in the creation of potential therapeutic agents for neurological disorders, such as anxiety and depression, due to its structural properties that influence serotonin and dopamine pathways. Its role in medicinal chemistry underscores its importance in advancing drug discovery and development processes.