Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of drugs targeting the central nervous system, where its structure can interact with specific receptors to modulate neurological activity. Additionally, it has been explored in the creation of potential treatments for psychiatric disorders, including anxiety and depression, due to its ability to influence neurotransmitter systems. Its role in medicinal chemistry also extends to the study of enzyme inhibition, aiding in the discovery of novel therapeutic agents.