This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it a valuable building block for designing drugs that interact with specific receptors or enzymes in the central nervous system. Additionally, it is explored in the development of potential therapeutics for conditions such as anxiety, depression, and neurodegenerative diseases. Its unique chemical framework also allows for further modification, enabling researchers to optimize pharmacokinetic and pharmacodynamic properties in drug candidates.