This compound is primarily utilized in the field of medicinal chemistry and pharmacology. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting the central nervous system. Its structure is often leveraged in the development of compounds with potential antipsychotic or antidepressant properties. Additionally, it is explored in research for its role in modulating neurotransmitter activity, making it valuable in studies related to neurological disorders. Its applications also extend to the development of novel therapeutic agents for conditions like schizophrenia, anxiety, and depression.