Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals. Its structure allows for modifications that lead to the development of compounds with potential therapeutic effects, particularly in the central nervous system. It is also employed in the synthesis of complex molecules for research purposes, aiding in the study of biochemical pathways and drug discovery processes. Additionally, it finds application in the preparation of ligands for catalysis, enhancing the efficiency of chemical reactions in industrial settings.