This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure allows for modifications that can lead to the creation of potential therapeutic agents, such as antipsychotics or antidepressants. Additionally, it is employed in the study of receptor interactions, helping researchers understand the binding mechanisms of certain drugs. Its application extends to the development of novel compounds for treating neurological disorders, making it a valuable tool in medicinal chemistry.