This compound is primarily used in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure allows for the development of compounds that interact with specific receptors or enzymes in the brain, making it valuable in the design of drugs for conditions like depression, anxiety, or neurodegenerative diseases. Additionally, it is utilized in the study of metabolic pathways and the development of novel therapeutic agents due to its unique chemical properties.