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 features make it valuable for developing compounds that act on specific receptors in the brain, such as those involved in pain management, anxiety, and depression. Additionally, it is explored for its potential in creating novel therapeutic agents with improved efficacy and reduced side effects. Researchers also investigate its role in designing prodrugs, which can enhance drug delivery and bioavailability in targeted treatments.