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 the central nervous system. Its structural features make it valuable in the development of potential therapeutic agents for neurological disorders, such as Parkinson's disease and schizophrenia. Additionally, it is explored in the creation of compounds with receptor-binding properties, which can aid in the study of neurochemical pathways and drug discovery processes. Its application extends to the optimization of drug candidates for improved efficacy and safety profiles.