This compound is primarily utilized in biochemical research due to its role as a precursor or intermediate in the synthesis of more complex molecules. It is often employed in the development of pharmaceuticals, particularly those targeting the central nervous system, as it can influence neurotransmitter activity. Additionally, it finds application in the study of enzyme mechanisms and receptor interactions, aiding in the understanding of biological pathways. Its properties make it valuable in the design of drugs for treating conditions such as anxiety, depression, and other neurological disorders.