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 more complex molecules, particularly those targeting neurological pathways. Its structure is often explored for potential applications in the development of drugs that interact with specific receptors in the brain, which could be relevant for treating conditions such as anxiety, depression, or neurodegenerative disorders. Additionally, it may be used in the study of chemical reactions involving alkynes and aromatic systems, contributing to advancements in organic synthesis methodologies.