This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique structure allows it to act as a building block for the development of potential drugs targeting neurological disorders, particularly those involving the central nervous system. Researchers often employ it in the creation of ligands that interact with specific receptors in the brain, aiding in the study and treatment of conditions like anxiety, depression, and insomnia. Additionally, its halogenated properties make it a valuable candidate for further chemical modifications, enabling the exploration of new therapeutic compounds with enhanced efficacy and selectivity.