This compound is primarily utilized in the synthesis of various pharmaceutical agents. It serves as a key intermediate in the development of drugs targeting neurological disorders, particularly those related to the central nervous system. Its structure is integral in creating compounds that exhibit antidepressant and anxiolytic properties. Additionally, it is employed in research settings to study receptor interactions and develop novel therapeutic molecules. Its applications extend to the field of organic chemistry, where it is used in the preparation of complex heterocyclic compounds.