This compound is primarily utilized in the field of pharmaceutical research and development. 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 leveraged to create compounds that interact with specific receptors in the brain, aiding in the development of potential treatments for conditions such as depression, anxiety, and schizophrenia. Additionally, it is explored in the design of enzyme inhibitors, contributing to the study of metabolic pathways and disease mechanisms. Its versatility makes it a valuable component in medicinal chemistry for discovering new therapeutic agents.