This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various bioactive molecules. It serves as a key intermediate in the creation of compounds that exhibit potential therapeutic effects, such as those targeting the central nervous system. Its structural properties make it valuable in the design of drugs that may influence neurotransmitter activity, potentially aiding in the treatment of neurological disorders. Additionally, it is explored for its role in developing analgesics and other medications aimed at modulating pain pathways. Researchers also investigate its use in the synthesis of alkaloid derivatives, which can have diverse pharmacological applications.