Used primarily 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 central nervous system (CNS) drugs, where it aids in studying receptor interactions and designing potential therapeutic agents. Its structure is leveraged in creating compounds that target neurological disorders, such as Parkinson's disease and schizophrenia. Additionally, it finds utility in organic synthesis for constructing complex heterocyclic frameworks, which are essential in medicinal chemistry.