Used primarily in the field of medicinal chemistry, this compound serves as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it can contribute to the creation of compounds with potential antipsychotic or antidepressant properties. Additionally, it has applications in organic synthesis, where it is utilized to construct complex molecules for research and development purposes. Its unique chemical framework allows for modifications that can lead to the discovery of new bioactive molecules with therapeutic potential.