Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of compounds targeting central nervous system disorders, such as anxiety and depression, due to its structural similarity to piperidine-based drugs. Additionally, it is employed in the creation of ligands for receptor studies, aiding in the understanding of neurological pathways and drug interactions. Its role in medicinal chemistry is significant for designing and optimizing potential therapeutic agents.