Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, such as anxiety and depression, due to its interaction with serotonin and dopamine receptors. Additionally, it has been explored in the creation of compounds with potential antipsychotic and antidepressant properties. Researchers also investigate its role in modulating enzyme activity, which could lead to advancements in treating metabolic and inflammatory conditions. Its versatility in medicinal chemistry makes it a significant compound for drug discovery and development.