This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of biologically active molecules, often targeting central nervous system disorders. Its structural features make it valuable for designing compounds with potential antidepressant, antipsychotic, or anxiolytic properties. Additionally, it is explored in medicinal chemistry for its role in modulating specific receptors or enzymes, contributing to the development of therapies for neurological and psychiatric conditions. Researchers also investigate its potential in optimizing drug pharmacokinetics and enhancing therapeutic efficacy.