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 central nervous system (CNS) drugs, where it acts as a precursor for potential antipsychotic and antidepressant agents. Researchers also explore its utility in creating compounds that target neurotransmitter receptors, aiding in the study of neurological disorders. Additionally, its role in medicinal chemistry extends to the design of ligands for receptor binding studies, helping to elucidate mechanisms of action in therapeutic targets.