Primarily used in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the creation of drugs targeting the central nervous system, where its structural features contribute to the modulation of neurotransmitter systems. Additionally, it plays a role in the development of potential therapies for neurological disorders, such as Alzheimer's disease and Parkinson's disease, due to its ability to interact with specific receptors and enzymes. Its application extends to the field of medicinal chemistry, where it aids in the design and optimization of compounds with improved efficacy and safety profiles.