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 structural features make it a valuable building block for creating compounds that interact with specific receptors in the brain, such as dopamine or serotonin receptors. Additionally, it is employed in the development of potential therapeutic agents for conditions like depression, anxiety, and Parkinson's disease. Its role in medicinal chemistry underscores its importance in the discovery of novel drugs with improved efficacy and reduced side effects.