Used primarily in pharmaceutical research as a structural scaffold for developing bioactive molecules. Its core structure is found in compounds exhibiting central nervous system activity, including potential antidepressant and antipsychotic effects. It is also investigated for interactions with neurotransmitter receptors, particularly serotonin and dopamine receptors. Additionally, derivatives of this compound are explored for anticancer properties due to their ability to interfere with cell signaling pathways involved in tumor growth. Commonly employed in medicinal chemistry for lead optimization in drug discovery programs.