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 bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into the development of potential drugs that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Additionally, it is explored for its potential in creating compounds with anti-inflammatory or anticancer properties. Researchers also investigate its use in organic synthesis to build complex molecules with therapeutic applications. Its trifluoroacetyl group enhances stability and bioavailability, making it a valuable component in drug design.