This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique structure makes it a valuable intermediate in the creation of molecules targeting central nervous system disorders, such as anxiety, depression, and schizophrenia. Additionally, it has shown potential in the development of treatments for chronic pain management due to its interaction with specific neurotransmitter pathways. Researchers also explore its use in designing compounds with improved bioavailability and therapeutic efficacy, making it a key component in medicinal chemistry projects.