This compound is primarily utilized in pharmaceutical research and development, particularly in the study of central nervous system (CNS) disorders. It has shown potential as a key intermediate in the synthesis of bioactive molecules targeting neurological pathways. Its structure is of interest in designing drugs that modulate specific receptors or enzymes involved in neurodegenerative diseases, such as Alzheimer's or Parkinson's. Additionally, it may be explored for its role in developing treatments for psychiatric conditions, including anxiety and depression, due to its interaction with neurotransmitter systems. Researchers also investigate its potential as a scaffold for creating novel therapeutic agents with improved efficacy and reduced side effects.