Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting the central nervous system. Its structure is valuable in developing compounds with potential antipsychotic or antidepressant properties. Additionally, it is utilized in the creation of ligands for receptor studies, aiding in the understanding of biochemical pathways and drug interactions. Its application extends to the development of novel therapeutic agents, contributing to advancements in medicinal chemistry.