It is primarily used in pharmaceutical research and development as an intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in the creation of molecules targeting neurological and psychiatric disorders, such as antipsychotics or antidepressants. Additionally, it has applications in the development of drugs that modulate receptor activity in the central nervous system. Researchers also utilize it in the study of enzyme inhibition and receptor binding assays to explore potential therapeutic agents. Its role in medicinal chemistry makes it a key component in the discovery of new treatments for complex diseases.