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 bioactive molecules, particularly those targeting the central nervous system. Its structural features make it valuable for developing compounds with potential antipsychotic, antidepressant, or anxiolytic properties. Additionally, it is explored in the design of ligands for specific receptors, such as dopamine or serotonin receptors, due to its ability to modulate neurotransmitter activity. Researchers also investigate its role in creating novel therapeutic agents for neurological disorders, leveraging its unique chemical framework to enhance drug efficacy and selectivity.