Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drugs targeting neurological disorders, where its structural properties facilitate the creation of compounds that interact with specific receptors in the brain. Additionally, it is employed in the preparation of ligands for enzyme inhibition studies, aiding in the discovery of new therapeutic agents. Its role in medicinal chemistry is crucial for advancing treatments in areas such as mental health and neurodegenerative diseases.