Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of central nervous system (CNS) drugs, where it contributes to the creation of compounds targeting neurological disorders. Additionally, it is employed in the study of receptor binding activities, aiding in the discovery of new treatments for conditions like depression, anxiety, and schizophrenia. Its versatility also extends to organic synthesis, where it is utilized to construct complex molecules for further chemical exploration.