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 the central nervous system. Its structure is often explored for developing potential therapeutic agents, including anxiolytics, antidepressants, and antipsychotics. Additionally, it is investigated for its role in modulating neurotransmitter systems, making it valuable for studying neurological disorders and drug mechanisms. Researchers also use it to create novel compounds with improved efficacy and safety profiles for treating mental health conditions.