This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into the development of potential therapeutic agents, such as selective serotonin reuptake inhibitors (SSRIs) or other central nervous system (CNS) drugs. Additionally, it may be explored for its potential in modulating specific enzyme or receptor activities, contributing to the discovery of novel treatments for conditions like depression, anxiety, or neurodegenerative diseases. Researchers also investigate its utility in optimizing drug-like properties, including bioavailability and metabolic stability, to enhance the efficacy of new drug candidates.