Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of potential therapeutic agents targeting central nervous system disorders. Researchers utilize it to create compounds that interact with specific receptors in the brain, aiding in the study of neurological conditions. Additionally, it finds application in the design of ligands for biochemical assays, helping to identify and optimize drug candidates. Its versatility in organic synthesis also makes it a useful building block for creating complex molecules in medicinal chemistry.