Used in pharmaceutical research as a key intermediate in the synthesis of various bioactive compounds. It plays a role in developing potential therapeutic agents, particularly in the creation of molecules targeting neurological and psychiatric disorders. Its structure is valuable in designing drugs that interact with serotonin and dopamine receptors, making it relevant for treating conditions like depression, anxiety, and schizophrenia. Additionally, it is explored in medicinal chemistry for its potential in creating novel analgesics and anti-inflammatory agents. Its applications extend to organic synthesis, where it serves as a building block for more complex chemical structures.