Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of central nervous system (CNS) drugs, where it acts as a building block for potential antipsychotic and antidepressant agents. Additionally, it finds utility in the creation of ligands for receptor studies, aiding in the exploration of neurological pathways and drug discovery. Its role in medicinal chemistry highlights its significance in advancing treatments for mental health disorders.