This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting the central nervous system. Its structural framework is often incorporated into the design of drugs aimed at treating neurological disorders, such as anxiety, depression, and cognitive impairments. Additionally, it is explored in the development of potential therapeutic agents for pain management and addiction treatment. Its versatility in chemical modifications makes it a valuable building block for creating novel compounds with desired pharmacological properties.