This compound is primarily utilized in the field of medicinal chemistry and pharmacology as a key intermediate in the synthesis of various biologically active molecules. It is often employed in the development of pharmaceutical agents targeting the central nervous system, particularly in the design of compounds with potential antipsychotic, antidepressant, or anxiolytic properties. Its structural features make it a valuable building block for creating ligands that interact with specific neurotransmitter receptors, such as serotonin or dopamine receptors. Additionally, it has been explored in the preparation of compounds for neurological research, aiding in the study of receptor mechanisms and drug efficacy. Its role in drug discovery highlights its importance in advancing therapeutic options for mental health disorders.