This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly those targeting neurological and cardiovascular conditions. Its structure makes it a valuable intermediate in the production of dopamine receptor agonists, which are used to treat disorders like Parkinson's disease and restless legs syndrome. Additionally, it serves as a key building block in the development of compounds with potential antidepressant and anxiolytic properties. In research, it is employed to study neurotransmitter pathways and receptor interactions, aiding in the discovery of new therapeutic agents. Its applications also extend to the field of organic synthesis, where it is used to create complex molecules for further chemical exploration.