This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the study of neurological disorders. It serves as a key intermediate in the synthesis of compounds that target serotonin receptors, which play a crucial role in mood regulation and cognitive functions. Researchers employ it to develop potential therapeutic agents for conditions such as depression, anxiety, and other psychiatric disorders. Additionally, its structural properties make it valuable in the design of bioactive molecules for studying the mechanisms of neurotransmitter systems. Its application extends to the exploration of novel treatments for conditions influenced by serotonin pathways.