Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. It plays a significant role in the development of central nervous system (CNS) drugs, particularly those targeting neurological disorders such as anxiety, depression, and schizophrenia. The compound's structure allows it to interact with specific receptors in the brain, making it valuable for designing molecules with therapeutic potential. Additionally, it is utilized in research to study receptor-ligand interactions and to develop novel treatments for psychiatric conditions. Its application extends to medicinal chemistry, where it aids in optimizing drug efficacy and safety profiles.