This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. It is often employed in the development of potential therapeutic agents targeting neurological disorders, particularly those involving the modulation of serotonin receptors. Its structural features make it a valuable scaffold for designing compounds with potential antidepressant, anxiolytic, or antipsychotic properties. Additionally, it is explored in research focused on creating novel ligands for receptor binding studies, aiding in the understanding of complex neurological pathways. Its application extends to drug discovery programs aiming to identify new treatments for mental health conditions.