This compound is primarily utilized in the field of pharmaceutical research, particularly in the development of drugs targeting neurological and psychiatric disorders. It serves as a key intermediate in the synthesis of compounds that modulate neurotransmitter activity, especially those related to dopamine and serotonin pathways. Its structural features make it valuable for creating molecules that can potentially treat conditions such as depression, anxiety, and Parkinson's disease. Additionally, it is explored for its role in designing inhibitors for enzymes involved in neurodegenerative processes, offering potential therapeutic benefits for diseases like Alzheimer's. Its application is also seen in preclinical studies to evaluate its efficacy and safety in various experimental models.