This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting central nervous system disorders, such as depression, anxiety, and neurodegenerative diseases. Its structure allows for selective binding to specific receptors, making it valuable in the design of therapeutics with improved efficacy and reduced side effects. Additionally, it is employed in the development of radiopharmaceuticals for diagnostic imaging, aiding in the detection and monitoring of neurological conditions. Its role in medicinal chemistry highlights its importance in advancing treatments for complex diseases.