Used primarily in pharmaceutical research, this compound serves as an intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of compounds targeting neurological disorders, including potential treatments for depression and anxiety. Researchers also explore its utility in creating drugs that modulate serotonin and other neurotransmitter systems, which are crucial for mental health therapies. Additionally, it may be investigated for its role in enhancing the efficacy of certain medications by improving their pharmacokinetic properties.