This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It is often employed in the development of compounds targeting the central nervous system, particularly in the creation of antipsychotic and antidepressant drugs. Its structural features make it a valuable building block for designing molecules that interact with neurotransmitter receptors, such as dopamine and serotonin receptors, which are critical in treating mental health disorders. Additionally, it finds application in research settings for studying receptor-ligand interactions and optimizing drug efficacy and selectivity.