This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the production of compounds targeting the central nervous system, where its structural features are advantageous for modulating receptor activity. Its application extends to the study of neurological disorders, including depression, anxiety, and chronic pain, as it can be incorporated into molecules designed to interact with specific neurotransmitter systems. Additionally, it is employed in the design of prodrugs, where its properties enhance drug delivery and bioavailability. Researchers also explore its potential in creating ligands for receptor binding studies, aiding in the understanding of biochemical pathways and drug mechanisms.