This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. It plays a crucial role in the development of compounds targeting central nervous system disorders, particularly in the design of antipsychotic and antidepressant medications. Its structure allows for effective modulation of neurotransmitter receptors, making it valuable in drug discovery and development processes. Additionally, it is employed in research settings to study receptor-ligand interactions and to explore potential treatments for neurological and psychiatric conditions.