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 compounds targeting neurological disorders, such as antipsychotics and antidepressants. Additionally, it plays a role in the creation of ligands for receptor studies, aiding in the understanding of complex biochemical pathways. Its utility extends to medicinal chemistry, where it contributes to the design of drugs with enhanced efficacy and specificity.