Primarily used 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 structural framework can be modified to enhance therapeutic effects. Additionally, it is utilized in organic synthesis to create complex heterocyclic compounds, which are essential in medicinal chemistry for designing new drugs with improved efficacy and selectivity. Its application also extends to biochemical studies, where it aids in understanding receptor-ligand interactions and enzyme mechanisms.