This compound is primarily utilized in pharmacological research due to its potential interactions with neurotransmitter systems. It has been studied for its effects on the central nervous system, particularly in the context of mood disorders and anxiety. Researchers explore its ability to modulate specific receptors, which could lead to the development of novel therapeutic agents. Additionally, it serves as a key intermediate in the synthesis of more complex molecules, contributing to advancements in medicinal chemistry. Its structural properties make it a valuable candidate for studying ligand-receptor interactions and designing drugs with improved efficacy and selectivity.