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 drugs targeting the central nervous system, such as antipsychotics and antidepressants. Additionally, it finds application in the creation of ligands for receptor studies, aiding in the understanding of neurological pathways and mechanisms. Its versatility also extends to the synthesis of compounds with potential antimicrobial and anti-inflammatory properties, making it a valuable tool in medicinal chemistry.