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 the central nervous system. Its structure is often incorporated into compounds designed to interact with neurotransmitter receptors, making it valuable in the study and creation of potential treatments for neurological disorders such as depression, anxiety, and Parkinson's disease. Additionally, it is explored in the development of novel therapeutic agents due to its potential to modulate specific biochemical pathways.