Used primarily as a research chemical in pharmaceutical development, this compound serves as a key intermediate in the synthesis of biologically active molecules. Its structure supports the development of compounds with potential neurological activity, making it valuable in early-stage drug discovery. It is also utilized in the preparation of analogs for structure-activity relationship (SAR) studies, particularly in exploring central nervous system agents. Due to the furan and amine functionalities, it participates in various coupling and functionalization reactions, enabling its incorporation into more complex molecular frameworks. Its application remains largely confined to laboratory and preclinical research settings.