Primarily used in organic synthesis, this compound serves as a versatile intermediate in the production of pharmaceuticals. It plays a key role in the development of various drugs, particularly those targeting neurological and psychiatric disorders. Additionally, it is utilized in the creation of complex molecules for research purposes, aiding in the study of biochemical pathways and drug interactions. Its structure allows for modifications that can lead to the discovery of new therapeutic agents with potential applications in treating diseases such as depression, anxiety, and other central nervous system conditions.