Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of compounds targeting neurological disorders, due to its ability to interact with specific receptors in the brain. Additionally, it is employed in the development of novel therapeutic agents, including potential treatments for cancer and inflammatory diseases. Its unique chemical properties also make it a useful building block in organic synthesis, enabling the construction of complex molecules with high precision.