Used in pharmaceutical research as a key intermediate in the synthesis of compounds with potential therapeutic properties. It is particularly valuable in the development of drugs targeting neurological disorders due to its structural compatibility with biological receptors. Additionally, it serves as a building block in organic chemistry for creating complex heterocyclic compounds, which are essential in medicinal chemistry for drug discovery and development. Its applications also extend to the study of enzyme inhibition and receptor binding, aiding in the understanding of biochemical pathways.