This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure is often incorporated into compounds designed to interact with neurotransmitter receptors, making it valuable in the development of potential treatments for neurological and psychiatric disorders. Additionally, it is used in the study of receptor binding affinity and selectivity, aiding in the optimization of drug candidates. Its applications also extend to the investigation of biochemical pathways and the exploration of novel therapeutic agents.