This compound is primarily utilized in the field of medicinal chemistry for its potential as a bioactive molecule. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting the central nervous system. Its structural framework is often explored for developing drugs that interact with serotonin and dopamine receptors, making it relevant in the treatment of neurological and psychiatric disorders such as depression, anxiety, and schizophrenia. Additionally, its unique azepine ring structure is studied for its potential in designing novel therapeutic agents with improved efficacy and reduced side effects. Researchers also investigate its role in modulating enzyme activity and its application in creating compounds with anti-inflammatory or analgesic properties.