This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of biologically active molecules. It is often employed in the development of pharmaceutical agents targeting central nervous system disorders due to its structural similarity to compounds that interact with neurotransmitter receptors. Researchers use it to create derivatives with potential therapeutic effects, particularly in the treatment of neurological and psychiatric conditions. Additionally, it serves as a key building block in the design of drugs that modulate serotonin or dopamine pathways, making it valuable in the study of mood disorders and cognitive functions. Its role in drug discovery highlights its importance in advancing treatments for complex diseases.