This compound is primarily utilized in the field of medicinal chemistry due to its potential as a bioactive molecule. It has shown promise in the development of therapeutic agents targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structural features make it a candidate for interacting with specific receptors in the brain, which could be beneficial in treating conditions like Parkinson's disease, Alzheimer's disease, or schizophrenia. Additionally, it may serve as a key intermediate in the synthesis of more complex pharmaceutical compounds, contributing to the advancement of drug discovery and development.