This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often explored for developing potential therapeutic agents, such as modulators of neurotransmitter systems, due to its unique chemical properties. Additionally, it is investigated for its potential role in creating novel compounds with applications in treating conditions like anxiety, depression, or cognitive impairments. Researchers also study its derivatives to optimize pharmacokinetic properties and enhance drug efficacy.