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 biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into the development of dopamine receptor ligands, which are critical in the treatment of conditions such as schizophrenia, Parkinson’s disease, and other CNS-related ailments. Additionally, it is explored in the design of compounds with potential anticancer properties, owing to its ability to modulate specific cellular pathways. Its application in drug discovery is driven by its versatility in forming stable derivatives with enhanced pharmacological profiles.