This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmaceutical agents. It plays a crucial role in the development of drugs targeting the central nervous system, particularly those designed to interact with neurotransmitter receptors. Its structural features make it a valuable building block for creating compounds with potential therapeutic effects in conditions like anxiety, depression, and neurodegenerative disorders. Additionally, it is employed in research settings to study the pharmacokinetics and pharmacodynamics of new drug candidates, aiding in the optimization of their efficacy and safety profiles.