Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of potential drugs targeting the central nervous system, where it can help modulate neurotransmitter activity. Additionally, it is employed in organic synthesis to create complex molecules for medicinal chemistry studies, aiding in the exploration of new therapeutic agents. Its role in enhancing the efficacy and selectivity of drug candidates makes it a significant component in drug discovery pipelines.