This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its structural framework is often incorporated into the design of potential therapeutic agents, such as receptor modulators or enzyme inhibitors, due to its ability to interact with specific biological targets. Additionally, it has been explored in the development of drugs for treating conditions like depression, anxiety, and other central nervous system-related diseases. Researchers also investigate its potential in creating novel compounds with improved efficacy and reduced side effects.