This compound is primarily utilized in research and development within the field of medicinal chemistry, particularly in the study of receptor interactions and drug design. It serves as a key intermediate or building block in the synthesis of more complex molecules, often targeting neurological pathways. Its structure makes it valuable for exploring compounds with potential applications in treating psychiatric or neurological disorders. Additionally, it may be used in biochemical assays to investigate the binding affinity and activity of specific receptors, aiding in the discovery of novel therapeutic agents.