Used in pharmaceutical research as a building block for synthesizing compounds with potential therapeutic effects. It is particularly valuable in the development of central nervous system (CNS) drugs, including those targeting neurological disorders. The compound's structure allows it to interact with specific receptors, making it useful in studying and designing drugs for conditions like depression, anxiety, and Parkinson's disease. Additionally, it serves as a key intermediate in organic synthesis, aiding in the creation of complex molecules for medicinal chemistry.