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 structural framework is often incorporated into the development of potential therapeutic agents for conditions such as depression, anxiety, and schizophrenia, due to its ability to interact with specific receptors in the brain. Additionally, it is explored for its potential in designing drugs that modulate serotonin and dopamine pathways, which are critical in regulating mood and behavior. Researchers also investigate its use in creating novel compounds with antipsychotic or antidepressant properties, making it a valuable component in the discovery of new treatments for mental health disorders.