This compound is primarily utilized 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 the central nervous system. Its structure is often explored for the development of potential therapeutic agents, including antidepressants, anxiolytics, and neuroprotective drugs. Researchers also investigate its role in modulating specific receptors or enzymes involved in neurological disorders. Additionally, it may be used in preclinical studies to evaluate pharmacokinetics, pharmacodynamics, and safety profiles of new drug candidates.