Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various therapeutic agents. It is particularly valuable in the creation of compounds targeting neurological and psychiatric disorders, such as antidepressants and antipsychotics. Its structure allows for modifications that enhance binding affinity to specific receptors in the brain, improving drug efficacy. Additionally, it is employed in the study of biochemical pathways and receptor interactions, aiding in the discovery of new treatments for complex diseases. Its stability and reactivity make it a versatile tool in organic synthesis for producing high-purity active pharmaceutical ingredients.