This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various pharmacologically active molecules, particularly those targeting the central nervous system. Its structural features make it valuable for designing compounds with potential psychoactive properties or therapeutic effects. Additionally, it is used in the study of biochemical pathways and receptor interactions, aiding in the discovery of new drugs. Its application extends to material science, where it contributes to the synthesis of specialized organic materials with unique properties.