This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into the design of potential drug candidates due to its ability to interact with specific receptors in the brain, such as serotonin or dopamine receptors. This makes it valuable in the development of treatments for conditions like depression, anxiety, and schizophrenia. Additionally, its unique chemical properties allow for further modifications, enabling researchers to optimize pharmacokinetics and enhance therapeutic efficacy.