This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. It plays a significant role in the development of compounds targeting neurological disorders, particularly those involving dopamine receptors. Its structural features make it a valuable building block for creating drugs that modulate neurotransmitter activity, potentially aiding in the treatment of conditions like Parkinson's disease or schizophrenia. Additionally, it is explored in research for its potential application in designing novel therapeutic agents with anti-inflammatory or analgesic properties.