This compound is primarily utilized in the field of medicinal chemistry and pharmacology. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structure is often incorporated into the development of potential therapeutic agents, including antipsychotics and antidepressants, due to its ability to interact with neurotransmitter receptors. Additionally, it is explored in research for its potential role in modulating serotonin and dopamine pathways, which are critical in treating mental health disorders. Its applications also extend to the study of receptor binding affinity and selectivity, aiding in the design of more effective and targeted drugs.