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 biologically active molecules, particularly those targeting central nervous system disorders. Its structure is often explored in the development of potential antipsychotic and antidepressant agents due to its ability to interact with specific neurotransmitter receptors. Additionally, it is studied for its potential role in modulating serotonin and dopamine pathways, making it relevant in the design of drugs for mental health conditions. Researchers also investigate its application in creating novel compounds with anti-inflammatory or analgesic properties.