This compound is primarily used in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological disorders. Its structure is often utilized to develop compounds with potential therapeutic effects on conditions like Parkinson's disease, depression, and anxiety. Additionally, it plays a role in the creation of alkaloid derivatives, which are explored for their analgesic and anti-inflammatory properties. Researchers also investigate its application in designing drugs that modulate neurotransmitter systems, contributing to advancements in neuropharmacology.