This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its unique structure makes it valuable for designing compounds that interact with specific receptors or enzymes in the brain, potentially aiding in the treatment of conditions such as depression, anxiety, or neurodegenerative diseases. Additionally, it is explored in research for its potential role in modulating neurotransmitter systems, which could lead to the development of novel therapeutic agents.