This compound is primarily utilized in the field of medicinal chemistry and pharmacological research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often explored for the development of potential therapeutic agents due to its ability to interact with specific receptors in the brain. Researchers investigate its derivatives for their potential as antidepressants, anxiolytics, or cognitive enhancers. Additionally, it may be studied for its role in modulating neurotransmitter systems, such as serotonin or dopamine, which are critical in mood regulation and cognitive function. Its application extends to drug discovery programs aimed at identifying novel compounds with improved efficacy and safety profiles.