This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of antipsychotic medications, particularly those targeting dopamine and serotonin receptors in the brain. Its structure allows for the development of molecules that can effectively interact with central nervous system receptors, making it valuable in treating mental health disorders such as schizophrenia and bipolar disorder. Additionally, it is employed in research settings for the development of new therapeutic agents, particularly in the field of neuropharmacology. Its role in creating compounds with potential antidepressant and anxiolytic properties is also noteworthy.