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 central nervous system (CNS) drugs, including potential treatments for neurological disorders such as depression and anxiety. Its structure allows for modifications that can enhance binding affinity to specific receptors, making it a versatile building block in medicinal chemistry. Additionally, it is explored in the creation of novel compounds with potential analgesic or anti-inflammatory properties. Its application extends to organic synthesis, where it is utilized to construct complex molecular frameworks for further pharmacological evaluation.