This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into the development of ligands for receptors in the central nervous system, aiding in the creation of potential therapeutic agents for conditions such as depression, anxiety, and schizophrenia. Additionally, it is explored in the design of selective enzyme inhibitors, contributing to advancements in drug discovery and the understanding of biochemical pathways.