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 structure allows it to act as a building block for creating compounds that modulate neurotransmitter systems, making it valuable in the design of drugs for conditions like depression, anxiety, and cognitive impairments. Additionally, it is employed in organic synthesis to explore novel chemical pathways and develop new therapeutic agents with improved efficacy and safety profiles.