This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of complex molecules, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into the design of potential drug candidates that interact with specific receptors or enzymes in the central nervous system. Additionally, it is explored for its potential in developing treatments for conditions such as depression, anxiety, and neurodegenerative diseases. Researchers also investigate its derivatives for their biological activity and therapeutic potential, making it a valuable component in drug discovery pipelines.