This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders. Its structure is often explored for the development of potential therapeutic agents due to its ability to interact with specific receptors in the brain. Researchers also investigate its use in creating compounds with potential antipsychotic, antidepressant, or anxiolytic properties. Additionally, it is studied for its role in modulating neurotransmitter systems, which could lead to advancements in treating neurological and psychiatric conditions.