This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It is often employed in the development of drugs targeting the central nervous system, particularly those designed to interact with neurotransmitter receptors. Its structural features make it a valuable building block for creating molecules with potential antipsychotic, antidepressant, or anxiolytic properties. Additionally, it finds application in research focused on designing and optimizing compounds for improved pharmacokinetic profiles and therapeutic efficacy. Its versatility also extends to the synthesis of bioactive molecules for studying biochemical pathways and drug discovery processes.