Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of central nervous system (CNS) drugs, where it contributes to the creation of compounds targeting neurological disorders. Additionally, it is explored in the design of potential therapeutic agents for conditions like depression, anxiety, and epilepsy due to its ability to interact with specific neurotransmitter systems. Researchers also investigate its utility in organic synthesis for constructing complex heterocyclic frameworks, which are essential in medicinal chemistry.