It is primarily used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders. Its structure serves as a key intermediate in creating active pharmaceutical ingredients (APIs) that interact with central nervous system receptors. Additionally, it finds application in the preparation of ligands for catalysis in organic reactions, enhancing the efficiency of complex chemical transformations. Its role in medicinal chemistry also extends to the design of molecules with potential antiviral or antibacterial properties, making it a valuable building block in drug discovery research.