Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It plays a significant role in developing compounds with potential therapeutic effects, particularly in the fields of neurology and psychiatry. Researchers utilize it to create analogs that may interact with neurotransmitter systems, offering possibilities for treating conditions like depression, anxiety, and neurodegenerative diseases. Its structural framework is also explored in designing inhibitors for specific enzymes or receptors, contributing to drug discovery efforts.