Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of central nervous system (CNS) drugs, where its structural framework is utilized to create potential therapeutic agents targeting neurological disorders. Additionally, it finds application in the study of receptor binding activities, aiding in the exploration of new treatments for pain management and psychiatric conditions. Its role in medicinal chemistry underscores its importance in advancing drug discovery and development processes.