This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of pharmaceutical agents. It serves as a key intermediate in the synthesis of various therapeutic drugs, especially those targeting the central nervous system. Its structural features make it valuable for designing molecules with potential analgesic or antidepressant properties. Additionally, it is explored in research for its role in modulating neurotransmitter activity, which could lead to advancements in treating neurological disorders. The compound is also studied for its potential application in creating novel bioactive molecules with improved efficacy and reduced side effects.