This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological disorders. Its structure is advantageous for creating compounds that interact with specific receptors in the brain, making it valuable in the design of potential treatments for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it is explored for its potential use in developing novel analgesics due to its ability to modulate pain pathways. Researchers also investigate its role in creating drugs with improved bioavailability and reduced side effects.