Used in pharmaceutical research as a key intermediate in the synthesis of various bioactive compounds. It plays a significant role in the development of potential therapeutic agents, particularly for neurological disorders. Its structure is valuable in designing molecules that interact with specific receptors in the brain, aiding in the study of conditions like Parkinson's disease and depression. Additionally, it is utilized in organic chemistry for the preparation of more complex heterocyclic compounds, contributing to advancements in medicinal chemistry.