This compound is primarily utilized in pharmacological research as a building block for the synthesis of various bioactive molecules. It serves as a key intermediate in the development of potential therapeutic agents, particularly those targeting the central nervous system. Its structure is often explored in the design of ligands for neurotransmitter receptors, aiding in the study of neurological disorders such as depression, anxiety, and schizophrenia. Additionally, it is used in the preparation of compounds with potential analgesic and anti-inflammatory properties, contributing to the development of novel pain management therapies. Its applications are largely confined to laboratory settings, where it is employed in the synthesis and optimization of drug candidates.