Primarily used in pharmaceutical research, this compound is investigated for its potential as a central nervous system (CNS) agent. It may exhibit properties that target neurological disorders, such as depression, anxiety, or neurodegenerative diseases, due to its structural similarity to other bioactive molecules. Researchers explore its interactions with neurotransmitter systems, particularly serotonin and dopamine receptors, to develop novel therapeutic drugs. Additionally, it serves as a key intermediate in organic synthesis for creating more complex bioactive compounds. Its applications are largely experimental, focusing on drug discovery and development.