Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of central nervous system (CNS) drugs, including potential treatments for neurological disorders such as Parkinson's disease and schizophrenia. Researchers also explore its utility in creating compounds with antipsychotic and antidepressant properties. Additionally, it may be employed in the study of receptor binding activities, aiding in the understanding of molecular interactions within the brain. Its role in medicinal chemistry highlights its importance in advancing drug discovery and development.