This compound is primarily utilized in research and development within the field of medicinal chemistry. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting neurological disorders. Its structure is often explored for potential interactions with serotonin and dopamine receptors, making it relevant in the study of antidepressants and antipsychotics. Additionally, it is investigated for its potential use in designing compounds with anti-inflammatory or analgesic properties. Its unique chemical structure allows for modifications that can enhance binding affinity and selectivity, making it a valuable tool in drug discovery and optimization processes.