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 neurological disorders. Its structural features make it valuable for developing compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors, which are critical in treating conditions like depression, anxiety, and Parkinson's disease. Additionally, it is employed in the development of potential therapeutic agents for pain management and other central nervous system-related ailments. Its role in drug discovery underscores its importance in creating novel treatments with improved efficacy and safety profiles.