Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the development of central nervous system (CNS) drugs, where it contributes to the creation of compounds targeting neurological disorders. Additionally, it plays a role in the production of chiral amines, which are essential in asymmetric synthesis for creating enantiomerically pure substances. Researchers also utilize it in studying receptor interactions and designing potential therapeutic agents.