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 for developing potential therapeutic agents, including antipsychotics, antidepressants, and other neuroactive drugs. Additionally, it is employed in the design of ligands for receptor binding studies, aiding in the understanding of neurological pathways and drug mechanisms. Its role in creating novel compounds with potential clinical applications highlights its significance in drug discovery and development.