This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of pharmaceutical agents. It plays a crucial role in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structural features make it valuable for creating molecules that can cross the blood-brain barrier, enhancing its potential in treating conditions like Alzheimer's disease, Parkinson's disease, and other neurodegenerative illnesses. Additionally, it is employed in research to explore new therapeutic pathways and optimize drug efficacy and safety profiles.