This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of medications targeting the central nervous system (CNS), particularly in the treatment of neurological disorders such as Parkinson's disease and schizophrenia. Its structural properties make it a valuable building block for creating molecules that interact with dopamine receptors, aiding in the regulation of neurotransmitter activity. Additionally, it is explored in research for its potential application in designing drugs with improved efficacy and reduced side effects.