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 neurological and psychiatric disorders. Its structural framework is often incorporated into compounds designed to interact with specific receptors in the brain, making it valuable in the creation of potential drugs for conditions such as depression, anxiety, and schizophrenia. Additionally, its unique chemical properties are explored in the development of novel therapeutic agents, contributing to advancements in medicinal chemistry.