This compound is primarily utilized in pharmaceutical research and development due to its structural framework, which is valuable in synthesizing biologically active molecules. It serves as a key intermediate in the preparation of compounds targeting neurological disorders, particularly those related to serotonin and dopamine modulation. Its azepine core is often incorporated into drug candidates designed to treat conditions such as depression, anxiety, and schizophrenia. Additionally, its unique structure makes it a useful building block in organic synthesis for creating complex heterocyclic compounds with potential therapeutic applications. Researchers also explore its derivatives for their potential anti-inflammatory and analgesic properties.