Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting the central nervous system. It plays a role in the production of compounds with potential antidepressant, antipsychotic, and analgesic properties. Additionally, it is utilized in organic synthesis as a building block for creating complex molecules, including ligands for catalysts and bioactive compounds. Its application extends to research settings where it aids in the study of biochemical pathways and receptor interactions.