Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various psychotropic medications. It plays a crucial role in the development of drugs that target neurological disorders, including antipsychotics and anxiolytics. Additionally, its structural properties make it valuable in research focused on designing new therapeutic agents for mental health conditions. Its application extends to the study of receptor interactions in the central nervous system, aiding in the understanding of biochemical pathways related to psychiatric diseases.