This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceuticals. Its structure is particularly valuable in the development of compounds targeting the central nervous system, including potential treatments for neurological disorders such as depression, anxiety, and schizophrenia. Additionally, it is explored in the design of drugs that interact with neurotransmitter receptors, offering possibilities for innovative therapeutic agents. Its versatility in chemical modifications makes it a promising candidate for further research in drug discovery and development.