This compound is primarily utilized in the synthesis of pharmaceutical agents, particularly as an intermediate in the production of drugs targeting the central nervous system. It plays a crucial role in the development of compounds with potential antidepressant or anxiolytic properties. Additionally, it is employed in research settings to study the biochemical pathways and receptor interactions related to neurotransmitter regulation. Its structural features make it valuable for designing molecules with specific pharmacological activities, particularly in the field of neuropharmacology.