This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as an intermediate in the synthesis of biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often explored for the development of potential therapeutic agents that interact with specific receptors or enzymes in the central nervous system. Additionally, it may be used in research to study the pharmacokinetics and pharmacodynamics of new drug candidates, aiding in the optimization of their efficacy and safety profiles.