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 neurological and psychiatric disorders. Its structural properties make it valuable in the design of drugs that interact with specific receptors in the brain, such as dopamine or serotonin receptors. Additionally, it is employed in the preparation of compounds used in preclinical studies to evaluate their therapeutic potential and safety profiles. Its stability and reactivity under controlled conditions make it a preferred choice for medicinal chemists working on novel drug candidates.