This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it a valuable building block for designing drugs that interact with specific receptors or enzymes in the central nervous system. Additionally, it has been explored in the development of potential therapeutic agents for conditions such as depression, anxiety, and neurodegenerative diseases. Its application extends to medicinal chemistry, where it is used to optimize drug candidates for improved efficacy and safety profiles.