This compound is primarily utilized in the synthesis of pharmaceutical agents, particularly those targeting the central nervous system. It serves as a key intermediate in the production of certain antidepressants and anxiolytics, helping to modulate neurotransmitter activity. Additionally, it is employed in research settings to study the pharmacological effects of structurally related compounds. Its application extends to the development of novel therapeutic drugs, where its structural framework is modified to enhance efficacy and reduce side effects.