This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various bioactive molecules. It plays a significant role in the development of drugs targeting neurological disorders, particularly those involving the central nervous system. Its structural features make it valuable in creating compounds that interact with specific receptors or enzymes in the brain, potentially aiding in the treatment of conditions like Parkinson's disease, Alzheimer's disease, or other cognitive impairments. Additionally, it is used in research to study the mechanisms of action of certain therapeutic agents, contributing to the advancement of medicinal chemistry and drug discovery.