This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into the development of potential therapeutic agents, such as serotonin receptor modulators, which play a role in treating conditions like depression, anxiety, and migraines. Additionally, it is explored in the creation of novel compounds for studying biochemical pathways related to neurotransmission. Its versatility makes it valuable in designing and optimizing drug candidates with improved efficacy and specificity.