This compound is primarily utilized in the field of medicinal chemistry and pharmacological research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting the central nervous system. Its structural features make it a valuable building block for developing compounds with potential applications in treating neurological disorders, such as depression, anxiety, and cognitive impairments. Additionally, it is explored for its role in designing drugs that modulate neurotransmitter systems, including dopamine and serotonin pathways. Researchers also investigate its potential in creating novel psychotropic agents due to its ability to interact with specific receptors in the brain.