This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of compounds targeting the central nervous system, such as potential antipsychotic or antidepressant agents. Its structure allows for modifications that can enhance binding affinity to specific receptors, making it valuable in drug discovery. Additionally, it is explored in the development of ligands for studying neurotransmitter systems, aiding in the understanding of neurological disorders. Its applications also extend to the field of medicinal chemistry, where it is used to optimize pharmacokinetic properties of drug candidates.