This compound is primarily utilized in the field of medicinal chemistry due to its structural properties, which make it a potential candidate for drug development. It is often explored for its pharmacological activities, particularly in the central nervous system. Researchers investigate its efficacy as a potential antipsychotic or anxiolytic agent, given its interaction with neurotransmitter receptors. Additionally, its derivatives are studied for their potential in treating neurological disorders, such as schizophrenia or anxiety, by modulating specific pathways in the brain. The compound's unique structure also allows for further chemical modifications, enabling the development of more targeted and effective therapeutic agents.