Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. It is particularly valuable in the development of central nervous system (CNS) drugs, where it contributes to the creation of compounds targeting neurological disorders. Its structural properties make it suitable for modifying and enhancing the pharmacological activity of potential drug candidates. Additionally, it is employed in the study of receptor-ligand interactions, aiding in the understanding of biochemical pathways and the design of more effective medications.