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 disorders. Its structure is often explored for the development of potential therapeutics due to its ability to interact with specific receptors or enzymes in the central nervous system. Additionally, it is used in the study of structure-activity relationships (SAR) to optimize drug candidates for improved efficacy and reduced side effects. Researchers also investigate its potential as a precursor in the creation of radiolabeled compounds for imaging and diagnostic purposes in medical studies.