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 the central nervous system. Its structural features make it valuable in the development of compounds that interact with neurotransmitter receptors, such as serotonin and dopamine receptors. Additionally, it is employed in the creation of potential therapeutic agents for neurological disorders, including depression, anxiety, and schizophrenia. Its role in drug discovery is significant due to its ability to enhance the pharmacological properties of lead compounds, improving their efficacy and selectivity.