This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs) for central nervous system disorders. It serves as a key intermediate in the production of various therapeutic agents, including antidepressants. Its structural properties, resembling certain psychoactive substances, make it valuable for modifying pharmacological activity and improving drug efficacy in psychiatric treatments. Additionally, it is employed in organic chemistry studies to explore reaction mechanisms and develop novel chemical entities. Currently, its usage is mainly in experimental and research stages, with limited widespread application in medicine or industry.